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21601 Erwin St
Woodland Hills, CA 91367
Fusion Warner Center · Multifamily Property For Sale
·
266 Units
Investment Highlights
- Opportunity to acquire a value-add multifamily community in the desirable Woodland Hills/ Warner center submarket of Los Angeles CA.
- Value-add upside through unit interior and common area renovations.
- Seismic Retrofit has been completed. All copper plumbing.
- First time on the market in 42 years, with 100% Original Units.
- Strong Demographics with median household incomes of $135,260 (2019 US Census Bureau).
- Located with an opportunity zone, with no height restrictions for future development (2035 Warner Center Plan).
Property Facts
| No. Units | 266 | Building Size | 218,113 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1978 |
| Building Class | B | Parking Ratio | 1.83/1,000 SF |
| Lot Size | 7.73 AC | ||
| Zoning | LAWC - Located with an opportunity zone, with no height restrictions for future development (2035 Warner Center Plan). | ||
| No. Units | 266 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.73 AC |
| Building Size | 218,113 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1978 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | LAWC - Located with an opportunity zone, with no height restrictions for future development (2035 Warner Center Plan). |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Eat-in Kitchen
- Hardwood Floors
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Range
- Walk-In Closets
- Carpet
Site Amenities
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Sauna
- Spa
- Tennis Court
- Gated
- Grill
- Pet Play Area
- Walking/Biking Trails
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 29 | $1,490 | 450 - 550 |
| 1+1 | 107 | $1,705 | 621 - 623 |
| 2+1 | 74 | $1,919 | 762 |
| 2+2 | 30 | $1,982 | 953 |
| 3+2 | 26 | $2,499 | 1,128 |
Property Taxes
| Parcel Number | 2146-005-040 | Improvements Assessment | $71,332,491 |
| Land Assessment | $30,571,067 | Total Assessment | $101,903,558 |
Property Taxes
Parcel Number
2146-005-040
Land Assessment
$30,571,067
Improvements Assessment
$71,332,491
Total Assessment
$101,903,558
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