This Multifamily Property is Off-Market.

20414 Cohasset Avenue
Winnetka, CA 91306 ·

27 Units · Multifamily For Sale

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20414 Cohasset Avenue

Price N/A Commission Split 2%
No. Units 27 Cap Rate 5.58%
Building Size 17,990 SF Gross Rent Multiplier 10.24
Property Type Multifamily Year Built 1963
Property Sub-type Garden/Low-Rise Lot Size 22,022 SF
Property Use Type Investment APN / Parcel ID 2114-008-007
Listing ID: 18198592 Date Created: 05/31/2013 Last Updated: 11/19/2013

Description

The subject property is a twenty seven (27) unit apartment building located in the dense rental market of Winnetka. Built in 1963, the property is subject to rent control. There is an excellent unit mix of Twenty One One Bedroom/One Bath, Seven Two Bedroom/Two Bath Units and One Three Bedroom/ Two Bath Units.
In addition to the desirable location, the property attracts residents with a good variety of amenities which include a nicely landscaped entrance, large courtyard, tuck under & carport parking, storage units and an on-site laundry facility. Investors should view this as a great opportunity to own a twenty seven unit apartment building in a dense location with upside in rents.

Winnetka is a desirable West San Fernando location that is bordered by Canoga Park to the West, Woodland Hills to the South and Northridge and Reseda to the East. Residents benefit from the close proximity to the Warner Center, Pierce College and numerous other entertainment and employment options.

Highlights

  • Solid Winnetka Location
  • Great Unit Mix of One, Two, and Three Bedroom Units
  • Value Add Opportunity
  • Nicely Landscaped Entrance
  • Tuck Under and Carport Parking
  • Storage Units

Research

20414 Cohasset Avenue, Winnetka, CA 91306 (Los Angeles County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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