8555 Independence Ave, Los Angeles, CA 91304
- Built in 1979; Not Subject to LA City's RSO
- Heavy Capital Improvement
- New Roof; Refinished Pool; New Landscaping
- New Parking Lot Surfacing; New Exterior Painting
- New Water Heater
We are pleased to present the opportunity to acquire a 29-unit value-add multifamily located in Canoga Park. Built in 1979, the subject proporty is located at the North of Canoga Park, 2.5 miles away from Northridge Fasion Center and 4.7 miles away from Woodland Hills Warner Center. It offers large size (18) studio units, (9) one bedroom one bathroom units, (1) two-bedroom one-bathroom unit and (1) one-bedroom one-bathroom unit. Current ownership have spent heavy capital improvement, allowing for lower go forward capital expenditure, lower future cost and minimized the maintenance cost. Improvement is including new roof, reginished poll, entier new landscaping, new parking lot surfacing, new exterior paint, new water heater and remodeled contemporary units. A new owner is afforded the opporturnity to continue the proven value-add program on the remaining units, as well as implement minor improvements to the common areas. Property is only suject to AB 1482.