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33544252
33544263

22705 Del Valle Street, Los Angeles, CA 91364

JL
CA 00977271
I & J Properties, Inc
Listed by I & J Properties, Inc
$3,750,000
1 day on market
Updated 1 day ago

22705 Del Valle Street, Woodland Hills, CA 91364

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,440
Units 8
Cap Rate 5.20%
NOI $194,044
Occupancy 37.5%
Tenancy Multi
Pro-Forma Cap Rate 5.20%
Pro-Forma NOI $194,044
Price per SqFt $504
Class B
Year Built 1992
Buildings 1
Lot Size (SqFt) 6,196
Zoning R3
Parking Spaces per unit
Sale Condition 1031 exchange

1992 Woodland Hills 8-Unit: No Rent Control, Elite Schools, High Ceilings & Low Maintenance

Marketing description

Presenting an exceptional, pride-of-ownership 8-unit multi-family asset located in the highly distinct and sought-after neighborhood of Woodland Hills, perfectly situated South of Ventura Boulevard. Built in 1992, this unique property features a modern, condominium-style layout with individual APN numbers already designated for each unit, offering incredible, rare potential for a future condo conversion project (buyer to verify with city planning).

[Unmatched Value-Add Potential] Spanning approximately 7,440 gross rentable square feet on a prime LAR3 corner lot, this asset provides an incredible value-add opportunity for discerning investors or exchange buyers. Five (5) units will be delivered vacant at close of escrow, presenting a seamless and immediate transition to achieve market-rate rentals or accommodate owner-occupancy with immediate move-in prospects.

[Exceptional Unit Layouts & Amenities] The building composition offers exceptionally bright, spacious, and well-designed interiors. All four upper-level units boast soaring high ceilings, including two standout units featuring a unique loft design that commands premium rental value. Tenant amenities include a secure, gated parking garage accommodating two tandem parking spaces per unit (16 total spaces) and an automatic security gate for maximum privacy.

[Premier Location & Lifestyle] Situated within the boundaries of the award-winning El Camino Real High School district, tenants will enjoy a premier lifestyle with fantastic proximity to world-class shopping, dining, and entertainment at the nearby Westfield Topanga, The Village, and the vibrant local dining scene along Ventura Boulevard. With quick and convenient freeway access, this property is perfectly positioned for long-term portfolio expansion or a seamless 1031 exchange.

Do not miss this rare opportunity to acquire a high-upside, pristine asset in one of the San Fernando Valley's most desirable rental markets!

Investment highlights

  • Prime Location: Highly desirable Woodland Hills neighborhood, perfectly situated South of Ventura Boulevard.
  • Exceptional Value-Add Asset: 5 out of 8 units will be delivered vacant at close of escrow, allowing immediate market-rate rental upside or owner-occupancy.
  • Future Condo Conversion Potential: Built in 1992 (LAR3 corner lot) with a modern, condominium-style layout and individual APN numbers already designated for each unit (buyer to verify).
  • Spacious & Unique Layouts: Approx. 7,440 gross rentable SF. All 4 upper-level units feature soaring high ceilings, including 2 standout units with premium loft designs.
  • Excellent Tenant Amenities: Secure, gated parking garage providing 2 tandem spaces per unit (16 total spaces) and an automatic security gate.
  • Top-Tier School District & Convenience: Located within the boundaries of the award-winning El Camino Real High School district. Exceptional proximity to Westfield Topanga, The Village, Ventura Blvd dining, and easy freeway access.
  • Ideal Investment: Perfect for portfolio expansion or a seamless 1031 exchange.

Listing Contacts

JL
CA 00977271
I & J Properties, Inc
Listed by I & J Properties, Inc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$194,044.00
$16,170.33/mo

Valuation Metrics

0
DSCR
5.17%
Cap Rate
5.17%
ROI

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Additional Information

Name
Julie Lee
License
00977271
Brokerage
Julie Lee
Brokerage Phone
2137183333
Title
Real Estate Broker
Brokerage Address
4283 Walnut Grove Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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