20526 Hartland Street

Winnetka, CA 91306

$2,350,000

List Price

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1958

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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.

Listing Information

List Price $2,350,000
Status Pending
MLS SR24134532
HOA $0
Type Residential Income
Subtype Mixed Use
Year Built 1958
Lot Size 16,346
Structure Size N/A
DOM 36
Courtesy Of Engel & Volkers Encino
Listing Agent Anngel Benoun DRE#01014735
Co-Listing Agent Melinda Russell DRE#00860306

Interior Features

Laundry Information
Location(s) Common Area
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Bedrooms N/A
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Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Anngel Benoun, Melinda Russell, Engel & Volkers Encino . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 7th, 2024 at 8:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.