House for sale

Overview

Great potential plus 14 unit West Valley apartment complex lies on a desirable cul-de-sac street off Mason and Vanowen in the suburb of Winnetka, north of Warner Center in the San Fernando Valley represents one of the most economic deals on the market. A 2 story, 2 building complex built in 1958, is a great value add opportunity with rents that are almost 50% below market and the soft story construction completed. 50/50 1 and 2 bedroom mix. Priced to sell, this asset can only increase in cash flow with improved management, and exterior upgrades. Ample parking in the rear for 14 spaces with lots of street parking. Property offers laundry on site, courtyard, and open grassy areas for great curb appeal. This location sits near Warner Center employment hub, future Los Angeles Rams headquarters and training facility and major employers such as Kaiser, Blue Shield, Anthem, Farmers Insurance and Universal Music. Every convenience including banking, grocery shopping, to Crate and Barrel, Target and AMC theaters, Westfield Mall, Nordstrom, Neiman Marcus, and Cheesecake Factory, making the subject property an affordable option for employees in this market sector.