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20542 Hartland St 6 Unit Apartment Building $1,465,000 ($244,167/Unit) 5.24% Cap Rate Winnetka, CA 91306
Investment Highlights
- Four - 2BR/1BA and Two - 1BR/1BA
- One unit to be delivered VACANT
- Potential to add two additional dwelling units (ADU’s) located at the detached garage
- Value add investment opportunity with approximately 38% upside in rents
- Offering located in one of the most desirable rental markets in the San Fernando Valley
Executive Summary
Ideally positioned adjacent to Canoga Park and Woodland Hills, the property
offers residents convenient access to major employment centers, shopping,
dining, and entertainment throughout the West Valley.
Situated on a 7,412 SF lot, the property features approximately 4,800 SF of
rentable space and consists of four (4) two-bedroom, two-bath units and two (2)
one-bedroom, one-bath units, with an average unit size of approximately 800 SF.
One unit will be delivered vacant, providing an immediate opportunity to achieve
market rents upon acquisition. Built in 1957, the property offers approximately
38% rental upside, creating a compelling value-add opportunity for investors
seeking increased cash flow and long-term appreciation.
Additionally, the detached garage presents potential for ADU development,
allowing a new owner to further maximize income and property value. Combining
a strong unit mix, significant rental upside, a vacant unit, and ADU potential in
a high-demand rental market, 20542 Hartland St represents an exceptional
opportunity to acquire a well-located multifamily asset with substantial upside
in one of the San Fernando Valley’s most sought-after submarkets.
offers residents convenient access to major employment centers, shopping,
dining, and entertainment throughout the West Valley.
Situated on a 7,412 SF lot, the property features approximately 4,800 SF of
rentable space and consists of four (4) two-bedroom, two-bath units and two (2)
one-bedroom, one-bath units, with an average unit size of approximately 800 SF.
One unit will be delivered vacant, providing an immediate opportunity to achieve
market rents upon acquisition. Built in 1957, the property offers approximately
38% rental upside, creating a compelling value-add opportunity for investors
seeking increased cash flow and long-term appreciation.
Additionally, the detached garage presents potential for ADU development,
allowing a new owner to further maximize income and property value. Combining
a strong unit mix, significant rental upside, a vacant unit, and ADU potential in
a high-demand rental market, 20542 Hartland St represents an exceptional
opportunity to acquire a well-located multifamily asset with substantial upside
in one of the San Fernando Valley’s most sought-after submarkets.
Property Facts
| Price | $1,465,000 | Apartment Style | Low-Rise |
| Price Per Unit | $244,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.24% | Building Size | 5,855 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R3, Los Angeles - Multiple Residential | ||
| Price | $1,465,000 |
| Price Per Unit | $244,167 |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,855 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3, Los Angeles - Multiple Residential |
Amenities
Unit Amenities
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 650 - 750 |
| 2+1 | 4 | - | 750 - 850 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 2137-030-009 | Improvements Assessment | $539,374 |
| Land Assessment | $367,754 | Total Assessment | $907,128 |
Property Taxes
Parcel Number
2137-030-009
Land Assessment
$367,754
Improvements Assessment
$539,374
Total Assessment
$907,128
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20542 Hartland St
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