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.