Investment Overview

Marcus & Millichap is proud to present a 28-unit apartment building built in 2017. The developer took pride in constructing this contemporary, low maintenance property with attractive tenant amenities and energy efficient features. There is an excellent unit mix of 18- Three Bedroom/Two Bath, 5 - Two Bed/Two Bath, 1 – Two Bedroom/One Bath and 4 One Bedroom/One Bath Units. The property is located in a solid Northridge location. Located just west of Reseda Boulevard and just north of Roscoe Boulevard, the property is adjacent to Vallarta Market and steps to Reseda Boulevard with plenty of retail, shopping and public transportation. Within walking distance of the property is Northridge Hospital Medical Center. A short driving distance away is the Cal State Northridge, Northridge Metro Link Station and the Northridge Fashion Center. The Units are spacious and have slab quartz countertops, dishwasher, stove, oven, microwave, refrigerator, soft close cabinets, laminate plank flooring, ample closet space, LED lighting, central A/C and heat, wired for internet, satellite and cable TV, recessed lighting, and balconies. Tenants are attracted to the property with amenities such as a recreation room (with couches, desk and laundry machines), gated two car tandem parking, bike racks, intercom entrance, parcel lockers, two elevators, trash and recycle chutes and On-Site Laundry. ***Please note: -There is a 29th non conforming studio unit, that could potentially be converted to an ADU. (Buyer to verify) -There are no low/moderate income restricted units, however the property is subject to LA City Rent Stabilization ordinance (RSO). (Buyer to verify.)