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Huge Price Reduction 5201 Rigoletto St 15 Unit Apartment Building $3,495,000 ($233,000/Unit) 5.45% Cap Rate Woodland Hills, CA 91364



INVESTMENT HIGHLIGHTS
- *Cap Rate* - 5.45% Cap, 10.53 GRM with upside to an 7.84% Cap, 8.36 GRM.
- *Tenant Appeal* - Upscale Shopping & Dining: Steps from The Village at Westfield Topanga, offering luxury retail and fine dining.
- *Upcoming NFL LA Rams Team "Village"* - The NFL LA Rams team will build a new practice center and headquarters that will become the "Rams Village."
- *Location Benefits* - South of Ventura Blvd, this investment is in a prime location, nestled in the heart of Woodland Hills.
- *ADU Potential* - Possibility to add 2 ADUs thus adding $30K a year in income and a estimated added value of $543k.
- *Nearby the Transforming Warner Center* - The Warner Center delivered 17,597 new residential units, and 20 million sq ft of walkable mixed-use space.
EXECUTIVE SUMMARY
Warner View Homes (5201 Rigoletto St) offers investors a rare opportunity to acquire a 15-unit multifamily asset south of Ventura Blvd in a prime Woodland Hills location.
Seller is motivated by a 2025 closing, price lowered for a quick sale at an exceptional price.
Located in one of the San Fernando Valley’s most affluent neighborhoods, this asset sits just blocks from The Topanga Village, Westfield Topanga and minutes from the rapidly expanding Warner Center, now home to tech and healthcare employers and the future site of the LA Rams NFL team Training Center.
With a Walk Score of 71, tenants enjoy a walkable, amenity-rich lifestyle near major freeways, public transit routes, upscale shopping, and entertainment. This offering is ideal for investors seeking long-term growth in a neighborhood positioned for continued development and rising rental demand.
With potential to add 2 ADUs in the existing tuck-under parking structure, the property holds strong value-add potential without sacrificing existing parking.
Contact us today to request the OM or schedule a private tour.
**Contact Kelly Morgan Commercial Group for more information (310) 836-3638 or Kelly@KellyMorganCommercial.com**
*Disclaimer:
The attached information and figures are projections provided solely for conceptual marketing purposes and must be verified by the prospective purchasers. Neither the Seller, Alactic Systems, Kelly Morgan, their team, nor any related employees or independent contractors warrant their accuracy. Prospective purchasers should conduct their own due diligence and are advised to conduct a thorough investigation including consulting with the appropriate professionals regarding all relevant details, facts, and projections, including the ability to make any potential improvements or build an ADU on the property in question.
Seller is motivated by a 2025 closing, price lowered for a quick sale at an exceptional price.
Located in one of the San Fernando Valley’s most affluent neighborhoods, this asset sits just blocks from The Topanga Village, Westfield Topanga and minutes from the rapidly expanding Warner Center, now home to tech and healthcare employers and the future site of the LA Rams NFL team Training Center.
With a Walk Score of 71, tenants enjoy a walkable, amenity-rich lifestyle near major freeways, public transit routes, upscale shopping, and entertainment. This offering is ideal for investors seeking long-term growth in a neighborhood positioned for continued development and rising rental demand.
With potential to add 2 ADUs in the existing tuck-under parking structure, the property holds strong value-add potential without sacrificing existing parking.
Contact us today to request the OM or schedule a private tour.
**Contact Kelly Morgan Commercial Group for more information (310) 836-3638 or Kelly@KellyMorganCommercial.com**
*Disclaimer:
The attached information and figures are projections provided solely for conceptual marketing purposes and must be verified by the prospective purchasers. Neither the Seller, Alactic Systems, Kelly Morgan, their team, nor any related employees or independent contractors warrant their accuracy. Prospective purchasers should conduct their own due diligence and are advised to conduct a thorough investigation including consulting with the appropriate professionals regarding all relevant details, facts, and projections, including the ability to make any potential improvements or build an ADU on the property in question.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $233,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 5.45% | Building Size | 11,957 SF |
| Gross Rent Multiplier | 10.53 | Average Occupancy | 100% |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
| Zoning | R3LA | ||
| Price | $3,495,000 |
| Price Per Unit | $233,000 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Gross Rent Multiplier | 10.53 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 11,957 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | R3LA |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 2 | - | - |
| 2+2 | 1 | - | - |
| 3+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 2042-005-058 | Improvements Assessment | $686,938 |
| Land Assessment | $1,107,968 | Total Assessment | $1,794,906 |
PROPERTY TAXES
Parcel Number
2042-005-058
Land Assessment
$1,107,968
Improvements Assessment
$686,938
Total Assessment
$1,794,906
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Huge Price Reduction | 5201 Rigoletto St
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