Multifamily
Valleywood Apartments
17806 Lassen St, Los Angeles, CA 91325
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap (M&M), as the exclusive listing agent, is pleased to present the rare opportunity to acquire Valleywood Apartments, a 52-unit, turn-key multifamily community in the premier Northridge submarket of the San Fernando Valley in Los Angeles, less than a mile from California State University Northridge (CSUN). Built in 1985, the Property is exempt from the City of Los Angeles rent stabilization ordinance. 100% of units and the exterior have been extensively renovated in the past 5 years.
Originally built in 1985, the Property has been impeccably well-maintained and benefits from over $4.2M ($81,000/Unit) in total capital improvements since 2020. All 42 original units have been extensively renovated with white quartz countertops, vinyl plank flooring, stainless steel appliances, smooth ceilings, and modern plumbing and lighting fixtures. Nine (9) of the original units units (17%) have been upgraded with an in-unit washer/dryer. All units feature 9 foot ceilings. Additionally, in Q4 2024, Ownership recently completed the construction of 10 Studio ADU’s with in-unit washer/dryers and have obtained a Certificate of Occupancy.
Located in a central location within the dynamic neighborhood of Northridge, Valleywood Apartments benefits from excellent submarket fundamentals. The city boasts low vacancy (4.1% in Q1 2025), strong household incomes ($123k average), and a highly educated workforce (62% with at least a college degree). Valleywood Apartments also benefits from its close proximity (0.7 miles) to CSUN with an enrollment of approximately 36,850 students and more than 2,050 faculty, ensuring built-in rental demand. This proximity also presents an opportunity to operate the property as 100% student housing with double-occupancy bedrooms. Additionally, the Property is only 3 blocks from Reseda Blvd, a major north-south thoroughfare in San Fernando Valley providing endless walkable restaurants, shopping and entertainment options in the area.
Given the asset’s premier location, extensive physical improvements, and strong submarket fundamentals, Valleywood Apartments represents an outstanding investment opportunity.
Valleywood Apartments
Investment Highlights
- Current Ownership has invested over $4.2M ($81,000/Unit) in total capital improvements since 2020, making this a turn-key investment opportunity.
- Valleywood Apartments benefits from its proximity to (0.7 miles) California State University Northridge, one of the largest universities in the United States
- The high quality of life in Northridge attracts strong demographics with $123k average household income, 60% college educated population, and 41% of the population earning more than $100k annually.
- Valleywood Apartments is a short drive away from Warner Center, one of the major employment hubs of the San Fernando Valley with nearly 60,000 jobs
- Valleywood Apartments benefits from its proximity to some of the San Fernando Valley's premier retail centers including The Vineyards at Porter Ranch, Westfield Topanga, and Warner Marketplace.
Exclusively Listed By
Investment Highlights
- Current Ownership has invested over $4.2M ($81,000/Unit) in total capital improvements since 2020, making this a turn-key investment opportunity.
- Valleywood Apartments benefits from its proximity to (0.7 miles) California State University Northridge, one of the largest universities in the United States
- The high quality of life in Northridge attracts strong demographics with $123k average household income, 60% college educated population, and 41% of the population earning more than $100k annually.
- Valleywood Apartments is a short drive away from Warner Center, one of the major employment hubs of the San Fernando Valley with nearly 60,000 jobs
- Valleywood Apartments benefits from its proximity to some of the San Fernando Valley's premier retail centers including The Vineyards at Porter Ranch, Westfield Topanga, and Warner Marketplace.
Investment Overview
Marcus & Millichap (M&M), as the exclusive listing agent, is pleased to present the rare opportunity to acquire Valleywood Apartments, a 52-unit, turn-key multifamily community in the premier Northridge submarket of the San Fernando Valley in Los Angeles, less than a mile from California State University Northridge (CSUN). Built in 1985, the Property is exempt from the City of Los Angeles rent stabilization ordinance. 100% of units and the exterior have been extensively renovated in the past 5 years. Originally built in 1985, the Property has been impeccably well-maintained and benefits from over $4.2M ($81,000/Unit) in total capital improvements since 2020. All 42 original units have been extensively renovated with white quartz countertops, vinyl plank flooring, stainless steel appliances, smooth ceilings, and modern plumbing and lighting fixtures. Nine (9) of the original units units (17%) have been upgraded with an in-unit washer/dryer. All units feature 9 foot ceilings. Additionally, in Q4 2024, Ownership recently completed the construction of 10 Studio ADU’s with in-unit washer/dryers and have obtained a Certificate of Occupancy. Located in a central location within the dynamic neighborhood of Northridge, Valleywood Apartments benefits from excellent submarket fundamentals. The city boasts low vacancy (4.1% in Q1 2025), strong household incomes ($123k average), and a highly educated workforce (62% with at least a college degree). Valleywood Apartments also benefits from its close proximity (0.7 miles) to CSUN with an enrollment of approximately 36,850 students and more than 2,050 faculty, ensuring built-in rental demand. This proximity also presents an opportunity to operate the property as 100% student housing with double-occupancy bedrooms. Additionally, the Property is only 3 blocks from Reseda Blvd, a major north-south thoroughfare in San Fernando Valley providing endless walkable restaurants, shopping and entertainment options in the area. Given the asset’s premier location, extensive physical improvements, and strong submarket fundamentals, Valleywood Apartments represents an outstanding investment opportunity.
Exclusively Listed By
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