Highlights
-Value Add Opportunity: 86-units located in Chatsworth, California. Current rents are approximately 32% under market providing a new investor the opportunity to renovate units and common areas to maximize rental income. There is also potential to create new ADUs (buyer to conduct its own investigations)
-Favorable Unit Mix: Property features a favorable unit mix consisting of (56) large one-bedroom/one-bathroom units (average size 780 sf) and (30) large two-bedroom/two-bathroom units (average size 1,100 sf)
-Unit Features: Unit features porcelain tile kitchen countertops, wood-inspired plank flooring (select units), large wall-to-wall closets, wide balconies/patios and central air conditioning and heating, full appliance package, breakfast bar, ample cabinetry and storage and designer lighting, fixtures and finishes
-Property Amenities: Property amenities include secured access, carport parking spaces, sparkling pool and community clubhouse area, 24-hour laundry facility, professional on-site management, 24-hour maintenance call center, online rent payment and work orders and a pet friendly community environment
-Convenient Location and Proximity to Public Transportation – 1 mile to Chatsworth Metrolink Station: Property located near 118 and 101 freeways and also just 1 mile from the Chatsworth Metrolink Station offering a viable public transportation option via rail to Downtown LA as well stops throughout Ventura County
