The L'Orient 10707 New Haven St 14 Unit Apartment Building $2,390,000 ($170,714/Unit) 8.05% Cap Rate Sun Valley, CA 91352

Kidder Mathews is pleased to present the opportunity to acquire The L’Orient, a strategically positioned ownership interest within a 1964-built cooperative community in Sun Valley. The offering consists of 14 co-op units out of 41 total units, representing 34.15% ownership and the largest ownership block within the HOA structure. While not a majority position, this significant stake provides meaningful influence and long-term strategic leverage within the cooperative framework.
The property features spacious two-bedroom, one-and-a-half-bath layouts within a gated courtyard setting, along with assigned parking and on-site laundry facilities. The physical characteristics support stable tenant demand and operational efficiency.
The asset presents an excellent value-add opportunity with significant upside potential. Numerous units offer renovation runway through interior upgrades designed to modernize finishes and enhance rent levels. The property is currently achieving strong in-place rental performance, including competitive Section 8 rents, providing income stability while maintaining flexibility for future repositioning.
Sun Valley’s continued rental demand is supported by proximity to Interstate 5, the 170 freeway, Burbank Airport, and major employment centers throughout the enter tainment corridor. The submarket’s relative affordability and central Valley location underpin long-term occupancy resilience.
The L’Orient provides s trategic ownership positioning, stable income, and long-term value creation potential within a durable San Fernando Valley rental market.