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9635 Woodman Avenue, Arleta, CA

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9635 Woodman Avenue

Arleta, CA 91331-6470 - Arleta MF Submarket

Property Type:Multi-Family Number of Units:- Status:Existing Year Built:2008
Stories:- Building Size:25,113 SF Land Area:.86 AC (37,392 SF)
For Sale Price:$8,199,000 Price/Unit:$8,199,000.00 Cap Rate:3.99 % GRM:-

Parking:1.03 Parking Spaces / 1,000 SF

Sale Notes:

Kennedy Wilson Real Estate Sales and Marketing is the exclusive agent representing this exceptional opportunity to acquire a portfolio of very well maintained 18-single family homes with 100% occupancy, stabilized income, below market rents and low turnover.

Each well appointed home has a separate APN, electric, water and gas meters. The combination of below market rents with 17 of 18 leases either MTM or revert to MTM in 2016 provide a strong potential for revenue growth. Separate APN’s would allow for the potential for the future owner to sell the homes individually subject to meeting all CA BRE requirements.

This gated small lot subdivision includes common area security cameras with remote monitoring. Homes were constructed in 2008 with certificates of occupancy in 2012.

Home features and finishes include 3 bedroom, 2 ½ baths; spacious floor plans; laminated hardwood flooring in all living areas except ceramic tile in kitchen, bathrooms, laundry room and entry area; kitchen features breakfast nook, granite counter tops, light or dark wood cabinetry, stainless steel Whirlpool ® appliances with range/over, microwave and dishwasher; recessed lighting in the living room and kitchen; master suite on the 2nd level with dual vanity sink and walk-in closet; 2nd and 3rd bedrooms share a jack-n-jill bathroom; spacious walk-in laundry room with side by side w/d area and sink; central HVAC, pre-wired for high speed internet, phone, cable and alarm system; direct access attached 2-car garage with sectional roll up door and automatic opener; enclosed rear patio; and concrete tile roof.

Return signed confidentiality agreement to Kennedy Wilson to receive full offering memorandum with financials.

KWI Auction
Marty Clouser
(310) 887-6422

Kennedy-Wilson Properties, Ltd.
Rhett Winchell
(310) 887-6446

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