Anie Mayelian of Equity Union Commercial, is pleased to present the opportunity to acquire an 8 Unit Apartment building in Winnetka. The building has been owned and managed under the current ownership since 2016. The Hartland Apartments offer an investor a true value add opportunity with approximately 47% (+/-) potential upside in rents. The subject consists of two 2 bedrooms/1 bath units, four 1 bedroom/1 bath units and two single units. The building has a freshly painted exterior, is separately metered for gas and electric, has security gated parking on-site, and laundry room convenience for tenants. Earthquake Retrofit has been completed and the property will qualify for monthly capital improvement reimbursement of approximately $300+/month. This well located apartment complex offers an investor a rare opportunity to own in a high demand and growth sub market with value add potential through reposition and renovation. Gentrifying location adjacent to Warner Center entertainment area, Westfield Topanga Mall, Restaurants & Transportation.
Phone: (818) 915-9118