Affluent Woodland Hills Sub-Market-The subject property is located south of Ventura Blvd which is surrounded by multi-million dollar homes. Generational Asset - 57 Units - This sub-market presents a high barrier to entry. There are less than 10 apartment buildings within a one-mile radius. Prime Location -This property is located one mile from Pierce College, which has more than 20,000 students enrolled every semester. Dense Retail Population - The subject property is surrounded by many national investment grade retailers as well as Taft Charter High School, with approximately 2,500 enrolled students. Approximately 20% in Rental Upside - There is opportunity to grow the net operating income through an extensive renovation program. Additionally, the property is master -metered for gas which allows for an owner to increase rents by up to 5% annually.
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