8555 Independence Apartments

01-07-2022
01-24-2022

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
  • ​Cul-de-sac

Property Description

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.​

 

Key Property Information

Listing Status
Available
Multifamily type
Garden Style
Price
$ 8,150,000
No. of Units
29
Cap Rate
4.34%
GRM / GIM
15
Year Built
1979
Building Size
18,389 Sq ft
No. of Stories
2
APN
2779-010-210
Opportunity Zone
Off
Price per unit
$ 281,034
View broker details

Additional Contacts

Martin Ding | (626) 679-8735
Grady Liu | (626) 898-5868
Jared Leung | (626) 898-5868
Sign in to use the inquiry form

34.226166, -118.590954

Similar Properties in the area

Management Companies in the area