Address
20534 Hartland Street Winnetka, CA
Price
$ 2,000,000
Property Attributes
  • MLS#SR21227410
  • TypeIncome
  • CountyLOS ANGELES
  • CityWinnetka
  • AreaWinnetka
  • Zip91306
  • Style
  • Price$ 2,000,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage5060
  • Lot Size7,026 SqFt
Listing Provided Courtesy Of:
Anie Mayelian - BRE#00778825 with Keller Williams Encino-Sherman Oaks -
Data Source:
Crisnet MLS
Property Description

We are pleased to present the opportunity to acquire an 8 Unit Apartment building in Winnetka. The building has been owned and managed under the current ownership since 2016. The Hartland Apartments offer an investor a true value add opportunity with approximately 47% (+/-) potential upside in rents. The subject consists of two 2 bedrooms/1 bath units, four 1 bedroom/1 bath units and two single units. The building has a freshly painted exterior, is separately metered for gas and electric, has security gated parking on-site, and laundry room convenience for tenants. Earthquake Retrofit has been completed and the property will qualify for a monthly capital improvement reimbursement of approximately $300+/month. This well located apartment complex offers an investor a rare opportunity to own in a high demand and growth sub market with value add potential through reposition and renovation. Gentrifying location adjacent to Warner Center entertainment area, Westfield Topanga Mall, Restaurants & Transportation.

Price History
10/14/2021 Listed $2,000,000

General Features

Attached Structure Detached
Building Area Units Square Feet
City Winnetka
Community Features Curbs, Sidewalks
County Los Angeles
Days on Market 72
Directions .
Electric Expense 0.00
Fuel Expense 452.00
Garage Spaces 6.00
Grossincome 109504.00
Insurance Expense 1614.00
Levels Two
Listing Agent Anie Mayelian - BRE#00778825
Lot Size Square Feet 7028.00
MLS Area WIN - Winnetka
Net Operating Income 81935.00
Operatingexpense 27569.00
Pool Features None
Price Per Square Foot 395.26
Property Type Residential Income
Rent Control Y/N Yes
Sewer Public Sewer
Standard Status Active
Street Name Hartland
Tax Lot 8
TaxOtherAnnualAssessmentAmount 1067.00
Total Units 8
Totalexpenses 27569.00
Trash Expense 3135.00
Water Sewer Expense 8494.00
Year Built 1957
Yearbuiltsource Assessor
Zoning LAR3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features Community
Laundry Y/N Yes
Street Suffix Street
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 5060.00
Lot Features Lot 6500-9999
Lot Size Acres 0.1613
Lot Size Area 7028.0000
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 9
Number of Separate Gas Meters 9
Number of Separate Water Meters 1
Total Parking 8.00
Uncovered Spaces 2.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 91306

Price
AVG $2M
$2M
Visits
AVG 26
15
Year Built
AVG 1957
1957
Walkscore
AVG 58
58
Data Provided by Walkscore ® not using MLS data

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