5150 Yarmouth Ave - Apartments FOR SALE


Encino, CA 91316
$16,200,000 USD
310-470-8963
5150 Yarmouth Ave, Encino, CA for Sale
$16,200,000 USD
Apartments - FOR SALE
1/15
null | 5% Cap Rate

5150 Yarmouth Ave
Encino, CA 91316


HIGHLIGHTS

  • OPEN HOUSE: Thursday, July 9th | 11:00 AM - 2:00 PM
  • Prime Encino location, minutes to shopping and dining on Ventura Boulevard
  • High-quality 45-unit apartment community with no LA city rent control (only state restrictions); Large units average over 1,300 SF
  • Highly amenitized property: large swimming pool, fitness center, 2 community lounges, central A/C, intercom access, secured parking, elevator, laundry
  • Value-Add: Approximately $300 per unit monthly in rental upside
  • “Very Walkable” Location Off Ventura Boulevard (80 Walk Score): Walk to Ralphs, Starbucks, Petco, BevMo!, Coral Tree Café, and Encino Courtyard

OVERVIEW

OPEN HOUSE: Thursday, July 9th | 11:00 AM - 2:00 PM Property website with OM: https://properties.berkadia.com/encino-towers-492661 Berkadia is excited to exclusively offer for sale, Encino Towers, a beautifully maintained 45-unit courtyard style apartment community with no LA city rent control (only state restrictions). Located in a prime Encino location, the property is minutes to shopping and dining along Ventura Boulevard. This highly amenitized property features a large swimming pool, fitness center, two community lounges, central A/C, intercom access, secured parking, elevator, and laundry. Units are large and “home-like,” comprised of one-, two-, and three-bedroom floorplans averaging over 1,300 square feet. High end finishes include wood-style flooring (most units), separate dining room, separate wet bar, recessed lighting, and granite or quartz kitchen countertops (appx. 2/3 of units). The property is situated in a “very walkable” location (80 Walk Score) and is walking distance to Ralphs, Starbucks, Petco, BevMo!, Coral Tree Café, and Encino Courtyard: Target, Shake Shack, Pressed Juicery, Blaze Pizza and Crumbl Cookies. The property is also just minutes to the Sherman Oaks Galleria and Westfield Fashion Center, Sepulveda Basin Recreation Area, Pierce College, and California State University Northridge (CSUN) with easy access to the 101 Freeway. Encino Towers offers an investor the rare opportunity to purchase a high-quality 45-unit apartment community with no LA city rent control (only state restrictions). *Unit sizes shown provided by Loopnet, not ownership.

FOR SALE DETAILS

PRICE

$16,200,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

45

PRICE/UNIT

$360,000

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

45u in Prime Encino | No City Rent Control

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

72

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,712 SF

ZONING

LAR3

APN/PARCEL ID

2162-013-012

ASK ABOUT THIS PROPERTY

Adrienne BarrBerkadiaMore Info
310-470-8963

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Adrienne BarrBerkadiaMore Info
310-470-8963

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