20542 Hartland St - Apartments FOR SALE


Winnetka, CA 91306
$1,465,000 USD
818-642-4123
20542 Hartland St, Winnetka, CA for Sale
$1,465,000 USD
Apartments - FOR SALE
1/21
null | 5.24% Cap Rate

20542 Hartland St
Winnetka, CA 91306


HIGHLIGHTS

  • Four - 2BR/1BA and Two - 1BR/1BA
  • Value add investment opportunity with approximately 38% upside in rents
  • One unit to be delivered VACANT
  • Offering located in one of the most desirable rental markets in the San Fernando Valley
  • Potential to add two additional dwelling units (ADU’s) located at the detached garage

OVERVIEW

Ideally positioned adjacent to Canoga Park and Woodland Hills, the property offers residents convenient access to major employment centers, shopping, dining, and entertainment throughout the West Valley. Situated on a 7,412 SF lot, the property features approximately 4,800 SF of rentable space and consists of four (4) two-bedroom, two-bath units and two (2) one-bedroom, one-bath units, with an average unit size of approximately 800 SF. One unit will be delivered vacant, providing an immediate opportunity to achieve market rents upon acquisition. Built in 1957, the property offers approximately 38% rental upside, creating a compelling value-add opportunity for investors seeking increased cash flow and long-term appreciation. Additionally, the detached garage presents potential for ADU development, allowing a new owner to further maximize income and property value. Combining a strong unit mix, significant rental upside, a vacant unit, and ADU potential in a high-demand rental market, 20542 Hartland St represents an exceptional opportunity to acquire a well-located multifamily asset with substantial upside in one of the San Fernando Valley’s most sought-after submarkets.

FOR SALE DETAILS

PRICE

$1,465,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

6

PRICE/UNIT

$244,167

CAP RATE

5.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2137-030-009

ASK ABOUT THIS PROPERTY

Nathan ShaolianKidder MathewsMore Info
818-642-4123

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Nathan ShaolianKidder MathewsMore Info
818-642-4123

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.