• Portfolio acquisition opportunity: Purchase this property individually or together with six additional properties totaling 161 units, all within a one-mile radius.
• Short drive from the $10B RAMS Village development
• Attractive existing assumable loan(contact agent for more information)
• Transit Oriented Communities (TOC) Tier 3
• Located in an Opportunity Zone (OZ)
• Approximately 33% upside potential
• New roof installed in Year 2023 on both buildings
• Walking distance to Sherman Way/Canoga Orange Line Metro Station
• Lanark Recreation Center directly across the street
• Video camera security system at building entrance and the parking entrance
• On-site management
• New water heaters - 2 washers and 2 dryers
• Foundation of the apartment complex is raised
• 35 total parking spaces – 23 tuck-under spaces and 12 covered spaces
• Swimming pool with secure enclosure
• Security gates for apartment units
• Apartment units are both gas and electrical powered
• Horizontal pipes were replaced with copper pipes
• Wall unit HVAC in each apartment unit
• Property was featured in the movie Tortilla Soup with Raquel Welch