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18543-18545 Clark St
Tarzana, CA 91356
Villa Royale · Multifamily Property For Sale
·
28 Units
Investment Highlights
- Excellent Tarzana Location | Located walking distance to Ventura Blvd & Reseda Blvd, a very walkable pocket of the sub-market
- Immediate Rental Upside | The Villa Royale apartments offers approximately 12% rental upside with two units being delivered vacant
- Soft Story Retrofit Completed | The owner recently completed all the soft story retrofit work required
- Attractive Unit | Mix- Over 60% of the unit mix consists of 2 bedroom and 3 bedroom units
- High Barrier To Entry Sub-Market | There are currently no apartment buildings above 16 units for sale in Tarzana
Property Facts
| No. Units | 28 | Lot Size | 0.84 AC |
| Property Type | Multifamily | Building Size | 29,884 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Zoning | R3 - Limited Density Multiple Residence | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 29,884 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3 - Limited Density Multiple Residence |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+2 | 17 | - | - |
| 3+2 | 1 | - | - |
| 3+3 | 1 | - | - |
Property Taxes
| Parcel Number | 2160-004-029 | Improvements Assessment | $4,973,775 |
| Land Assessment | $2,679,018 | Total Assessment | $7,652,793 |
Property Taxes
Parcel Number
2160-004-029
Land Assessment
$2,679,018
Improvements Assessment
$4,973,775
Total Assessment
$7,652,793
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