8861 Langdon Ave - Apartments FOR SALE


North Hills, CA 91343- North Hills East
$5,375,000 USD
818-231-2477
8861 Langdon Ave, North Hills, CA for Sale
$5,375,000 USD
Apartments - FOR SALE
1/10
null | 5.7% Cap Rate

8861 Langdon Ave
North Hills, CA 91343
North Hills East


HIGHLIGHTS

  • Rental Upside
  • Secured Parking
  • Retrofit completed
  • Gated Entry
  • On-Site Laundry

OVERVIEW

I'm proud to present 8861 Langdon Ave, a Twenty-Nine (29) unit investment opportunity in the heart of North Hills. Originally built in 1963, this offering consists of a highly desirable mix of seven 1+1, two 2+1, sixteen 2+2 and four 3+2 units. The structure is two stories that total approximately 28,376 SF. The apartments surround a courtyard featuring a sparkling pool and a gated entry with 29 covered secured parking spaces Numerous updated interiors are adorned with a combination of wood laminate & tile floors, granite counters and large walk-in closets. Many updated units feature large walk-in closets, wall air conditioning units, ceiling fans, and balconies. With all units currently occupied, this property presents an excellent value-add opportunity offering potential for growth and appreciation for years to come. There is approximately 37% rental upside and an onsite laundry room that provides additional income. The property is located on a corner lot within two blocks of both the 405 Freeway and Sepulveda Boulevard. Tenants are steps away from Starbucks, Bank of America, Walgreens, Vallarta Supermarket, and other retail centers.

FOR SALE DETAILS

PRICE

$5,375,000 USD

PRICE/SF

$189 USD /SF

# OF UNITS

29

PRICE/UNIT

$185,345

CAP RATE

5.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,447 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2654-014-032

ASK ABOUT THIS PROPERTY

Joshua LuchsKidder MathewsMore Info
818-231-2477

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Joshua LuchsKidder MathewsMore Info
818-231-2477

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