CLOSED ESCROW
MULTIFAMILY
17204 chatsworth
street
GRANADA HILLS, CA 91344
PRICE:
PRICE PER UNIT:
YEAR BUILT:
CAP RATE CURRENT/PRO FORMA:
GRM CURENT/ PRO FORMA:
$3,630,000
$302,500
​
1980
3.74%/5.35%
​
16.54/12.85
​
THE ASSET
The Hirth Group is pleased to present a non-rent controlled 12-unit investment opportunity located in Granada Hills, California. The property was built in 1980, it has been well maintained, and it is in a great neighborhood on a corner lot.
The subject property has a great unit mix that consists of 10 two-bedroom/two-bath units, and two three-bedroom/two-bath units. Approximately six of the units have been updated with hardwood flooring, new countertops, and new kitchen cabinets. The roof was replaced in 2013 and nine of the A/C units have been recently replaced.
Tenants benefit from secured entry and garage parking for 24 cars. The building is in close proximity to restaurants, retail, places of business, Granada Hills Charter High School, and California State University Northridge.
This is a great opportunity for an investor to purchase a non-rent controlled asset in a prime north valley location.
DEAL HIGHLIGHTS​:
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1031 Exchange Buyer
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Non Rent Control Apartment Building
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Great San Fernando Valley Location
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Tremendous upside
ASSET HIGHLIGHTS
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Controlled Access
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Garage Parking
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Central Air - Nine New Air Conditioning Units
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New Roof Installed in 2013
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Coin Operated Laundry
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Close to Restaurants, Retail, and Places of Business
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Close to 405 and 118 Freeways
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Close to Granada Hills Charter High School, and CSUN