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20526 Hartland ST Winnetka, CA 91306
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Key Details
Sold Price $2,150,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR24134532
Year Built 1958
Lot Size 0.375 Acres
Property Description
Great "potential plus" 14 unit West Valley apartment complex lies on a desirable cul-de-sac street off Mason and Vanowen in the suburb of Winnetka, north of Warner Center in the San Fernando Valley represents one of the most economic deals on the market. A 2 story, 2 building complex built in 1958, is a great value add opportunity with rents that are almost 50% below market. 50/50 1 and 2 bedroom mix. Priced to sell, this asset can only increase in cash flow with improved management, and exterior upgrades. Ample parking in the rear for 14 spaces with lots of street parking. Property offers laundry on site, courtyard, and open grassy areas for great curb appeal. This location sits near Warner Center employment hub, future Los Angeles Rams headquarters and training facility and major employers such as Kaiser, Blue Shield, Anthem, Farmers Insurance and Universal Music. Every convenience including banking, grocery shopping, to Crate & Barrel, Target and AMC theaters,Westfield Mall, Nordstrom, Neiman Marcus, and Cheesecake Factory, making the subject property an affordable option for employees in this market sector.
Location
State CA
County Los Angeles
Area Win - Winnetka
Zoning LAR3
Interior
Cooling Wall/Window Unit(s)
Laundry Common Area
Exterior
Parking Features Carport
Pool None
Community Features Suburban, Sidewalks
Building
Lot Description Cul-De-Sac, Lawn
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Bought with Anngel Benoun • Engel & Volkers Encino