22731 Del Valle St - Apartments FOR SALE


Woodland Hills, CA 91364
$1,575,000 USD
310-435-8576
22731 Del Valle St, Woodland Hills, CA for Sale
$1,575,000 USD
Apartments - FOR SALE
1/9
null | 4.86% Cap Rate

22731 Del Valle St
Woodland Hills, CA 91364


HIGHLIGHTS

  • Desirable Woodland Hills Location
  • LA City Soft Story Retrofit Completed
  • Unit mix of (6) 1 Bedroom/ 1 bath, (1) Studio, and (1) 2 Bedroom/1 Bath units.
  • Close proximity to Warner Center, the Valley’s premier live/ work/ play destination.
  • Value-Add Opportunity - Approximately 23% potential rental upside.

OVERVIEW

Marcus and Millichap is pleased to present 22731 Del Valle Street, an exceptional value-add, 8-unit investment opportunity located in the desirable “South of the Boulevard” area of Woodland Hills, California. The property has successfully completed the LA City soft story retrofit, offering investors a unique chance to acquire a well maintained multifamily asset in one of Los Angeles’ most sought after neighborhoods. Situated just one parcel south of Ventura Boulevard, this property benefits from immediate access to one of the San Fernando Valley’s primary east-west thoroughfares. Ventura Boulevard, renowned as the world’s longest avenue of contiguous businesses, spans 18 miles and features a diverse array of establishments, including boutiques, restaurants, schools, and more. The area south of Ventura Boulevard is particularly notable for its upscale residential properties, with home values ranging from $2 million to $50 million, attracting numerous celebrities, executives, athletes, and entertainers. The property’s prime location offers excellent accessibility to a wide range of employment and retail options. Notably, it is in proximity to: • Westfield Topanga & The Village: Among the largest shopping centers in the United States, offering an extensive selection of retail, dining, and entertainment venues. • Warner Center: A major business hub featuring high-profile office towers and residential developments. • Transportation: Convenient access to the Ventura (101) Freeway facilitates connectivity to the greater Los Angeles area. Given the high barriers to entry in this market and the strong demand for quality rental housing, 22731 Del Valle Street presents significant growth potential for investors. Its strategic location, coupled with the affluent demographics and robust economic indicators of Woodland Hills, positions this property as a premier investment opportunity in the Los Angeles multifamily market.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

8

PRICE/UNIT

$196,875

CAP RATE

4.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Terrace Del Valle

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,495 SF

ZONING

LAR3

APN/PARCEL ID

2040-031-028

ASK ABOUT THIS PROPERTY

Brett SansonMarcus & MillichapMore Info
310-435-8576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Brett SansonMarcus & MillichapMore Info
310-435-8576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.