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Price Reduced | 28u | 2005 YB | $309 PSF 6737 De Soto Ave 28 Unit Apartment Building $13,100,000 ($467,857/Unit) 6.20% Cap Rate Canoga Park, CA 91303
Investment Highlights
- Price Reduced!
- Rare opportunity to purchase “home-like” units averaging 1,530± square feet
- Prime Warner Center location; walk to Pierce College; Within minutes of the massive Rams Village Development, Westfield Topanga Mall, Topanga Village
- 28 beautiful three-level townhome units; built as condos in 2005 with final condo tract map
- Priced far below replacement cost at $309 PSF; 6.2% cap rate
- Potential condo exit
Executive Summary
Price Reduced! Warner Center Townhomes, a 28-unit community built in 2005 with a condo tract map. Currently being operated as an apartment community, the units are spacious and “home-like” averaging 1,530± SF. Units feature high-end finishes including quartz countertops, stainless-steel appliances, wood “style” flooring, and an in-unit laundry room with full, sized washer and dryer. The property is within 5 minutes of the massive Rams Village Development, Westfield Topanga Mall, Topanga Village; and walking distance to Pierce College. Easy access to Kaiser Permanente Woodland Hills Medical Center and the 101 Freeway. Priced far below replacement cost at $309 PSF, Warner Center Townhomes affords an investor an attractive 6.2% going in cap rate and an opportunity to own in a high-growth area with potential for a condo exit.
Property Facts
| Price | $13,100,000 | Building Class | B |
| Price Per Unit | $467,857 | Lot Size | 0.49 AC |
| Sale Type | Investment | Building Size | 42,376 SF |
| Cap Rate | 6.20% | No. Stories | 3 |
| No. Units | 28 | Year Built | 2005 |
| Property Type | Multifamily | Parking Ratio | 1.32/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Vanowen Street |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | WC - Commercial, Warehouse | ||
| Price | $13,100,000 |
| Price Per Unit | $467,857 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.49 AC |
| Building Size | 42,376 SF |
| No. Stories | 3 |
| Year Built | 2005 |
| Parking Ratio | 1.32/1,000 SF |
| Cross Streets | Vanowen Street |
| Opportunity Zone |
Yes |
| Zoning | WC - Commercial, Warehouse |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- High Speed Internet Access
- Sprinkler System
- Stainless Steel Appliances
- Views
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Controlled Access
- Gated
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 1,000 |
| 3+3 | 27 | - | 1,550 |
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Property Taxes
| Parcel Number | 2148-027-048 | Improvements Assessment | $9,445,655 |
| Land Assessment | $3,697,943 | Total Assessment | $13,143,598 |
Property Taxes
