Multifamily
Villa Yolanda
5720 & 5730 Yolanda Ave, Los Angeles, CA 91356
Listing Price: $8,000,000
Investment Overview
THG Multifamily, as the exclusive listing agent, is pleased to present for sale Villa Yolanda (The “Property”), a 40-unit value-add multifamily investment opportunity in the Tarzana submarket of the San Fernando Valley.
The Property is within walking distance of shopping, dining, and everyday amenities located along Ventura Boulevard and within a half mile of an on ramp to the 101 Freeway putting hundreds of thousands of jobs in employment hubs like Sherman Oaks, Warner Center, Burbank, Studio City, Hollywood, and the Westside all accessible within a 30-minute drive.
The Property is being offered for sale for the first time in 45 years and has a tremendous amount of rental upside potential. While well maintained under current ownership, with recent notable upgrades like new roofs added in 2015 & 2016 and seismic retrofitting completed in 2018, the unit interiors have generally been kept in their original condition. After completing a comprehensive interior renovation, investors should expect to capture 60% upside in rental income.
Given the Property’s value-add potential, prime Tarzana location, and favorable submarket demand drivers, Villa Yolanda is well-positioned to deliver investors compelling returns and appreciation over the hold period.
Villa Yolanda
Investment Highlights
- A Compelling Value-Add Opportunity: After completing a comprehensive renovation, investors should expect to capture 60% upside in rental income.
- Notable Enhancements Already Completed: 5720 Yolanda had a new roof installed in 2015, 5730 Yolanda had a new roof installed in 2016, and both buildings were seismically retrofitted in 2018.
- Tarzana is a Premier SFV Submarket: Average household incomes are approaching $150k, about 50% of the population is college educated, and 46% of the population earns more than $100k/year.
- Steps from the G Line (FKA Orange Line): Villa Yolanda is only one-half mile from the Reseda Boulevard stop on the Metro G Line allowing residents to easily access traffic-free commutes around Los Angeles. The Metro system is constantly expanding and the most notable future expansion, the Sepulveda Pass rail line, will connect the G Line to West LA.
- Easy accessibility to major employment Centers: Hundreds of thousands of jobs in major employment hubs such as Sherman Oaks, Warner Center, Burbank, North Hollywood, Studio City, Hollywood, and the Westside are all accessible within a 30-minute drive from Tarzana.
- Limited Development Pipeline Insulates Villa Yolanda: Tarzana and adjacent submarket Encino, have no units under construction and only 422 units are entitled. This translates to an abysmal 0.75% average annual growth rate in multifamily housing supply in submarkets that are already severely under-supplied. The lack of future competition should continue to result in strong, stable rent growth and high occupancies in the submarket.
Exclusively Listed By
Listing Price: $8,000,000
Investment Highlights
- A Compelling Value-Add Opportunity: After completing a comprehensive renovation, investors should expect to capture 60% upside in rental income.
- Notable Enhancements Already Completed: 5720 Yolanda had a new roof installed in 2015, 5730 Yolanda had a new roof installed in 2016, and both buildings were seismically retrofitted in 2018.
- Tarzana is a Premier SFV Submarket: Average household incomes are approaching $150k, about 50% of the population is college educated, and 46% of the population earns more than $100k/year.
- Steps from the G Line (FKA Orange Line): Villa Yolanda is only one-half mile from the Reseda Boulevard stop on the Metro G Line allowing residents to easily access traffic-free commutes around Los Angeles. The Metro system is constantly expanding and the most notable future expansion, the Sepulveda Pass rail line, will connect the G Line to West LA.
- Easy accessibility to major employment Centers: Hundreds of thousands of jobs in major employment hubs such as Sherman Oaks, Warner Center, Burbank, North Hollywood, Studio City, Hollywood, and the Westside are all accessible within a 30-minute drive from Tarzana.
- Limited Development Pipeline Insulates Villa Yolanda: Tarzana and adjacent submarket Encino, have no units under construction and only 422 units are entitled. This translates to an abysmal 0.75% average annual growth rate in multifamily housing supply in submarkets that are already severely under-supplied. The lack of future competition should continue to result in strong, stable rent growth and high occupancies in the submarket.
Investment Overview
THG Multifamily, as the exclusive listing agent, is pleased to present for sale Villa Yolanda (The “Property”), a 40-unit value-add multifamily investment opportunity in the Tarzana submarket of the San Fernando Valley. The Property is within walking distance of shopping, dining, and everyday amenities located along Ventura Boulevard and within a half mile of an on ramp to the 101 Freeway putting hundreds of thousands of jobs in employment hubs like Sherman Oaks, Warner Center, Burbank, Studio City, Hollywood, and the Westside all accessible within a 30-minute drive. The Property is being offered for sale for the first time in 45 years and has a tremendous amount of rental upside potential. While well maintained under current ownership, with recent notable upgrades like new roofs added in 2015 & 2016 and seismic retrofitting completed in 2018, the unit interiors have generally been kept in their original condition. After completing a comprehensive interior renovation, investors should expect to capture 60% upside in rental income. Given the Property’s value-add potential, prime Tarzana location, and favorable submarket demand drivers, Villa Yolanda is well-positioned to deliver investors compelling returns and appreciation over the hold period.
Exclusively Listed By
