The Verona
Westlake Village, CA 91361
Luxury Apartments Built in 1992 | 4.1% CAP · Multifamily Property For Sale · 16 Units

Marcus & Millichap is pleased to announce the sale of The Verona, an exceedingly rare opportunity to enter the multifamily market in affluent Westlake Village, where only two apartment properties have sold in the past 20 years. The non-rent controlled property was constructed in 1992 with many condominium-quality features, including private two-car garages with direct unit access, in-unit full-sized washers and dryers, central air and heat, private patios, and cathedral ceilings. The spacious units are architecturally distinct, with most of the apartments offering loft or townhouse-style layouts within their expansive floorplans. While all units feature wood laminate flooring, high ceilings, recessed lighting, corian or granite countertops, and upgraded bathrooms, select units push even further into the realm of luxury with amenities such as built-in wine coolers, Nest thermostats, and fireplaces. A secluded spa and sunbathing terrace is tucked into the private hillside above the Spanish-tiled rooftops of the three buildings. In addition to the two private garage spaces per unit, there are seven additional open parking spaces that may be an additional income stream in the future. Despite its easy access to the 101 Freeway, the property is located on a quiet street which, when combined with its large lot and wide driveways, affords tenants much-desired privacy. Westlake Village is among the most desirable cities in all of Southern California, as the community boasts a median household income of greater than $112,000. Nestled among Malibu, Calabasas, Agoura Hills, and Thousand Oaks, the city allows convenient access to some of the finest dining, shopping, and entertainment options in the entire state. The Promenade at Westlake, The Lakes at Thousand Oaks, Westlake Village Inn, and the Four Seasons Hotel are all within close proximity for tenants of The Verona.