Winnetka, CA 91306,20526 Hartland ST
Winnetka, CA 91306,20526 Hartland ST
Winnetka, CA 91306,20526 Hartland ST
$2,150,000
Est. payment /mo
$2,350,000
8.5%
Est.Price: ?

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0.38 Acres Lot
SOLD DATE : 10/02/2024

Key Details

Sold Price $2,150,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR24134532

Sold Date 10/02/24

HOA Y/N No

Year Built 1958

Lot Size 0.375 Acres

Property Description

Great "potential plus" 14 unit West Valley apartment complex lies on a desirable cul-de-sac street off Mason and Vanowen in the suburb of Winnetka, north of Warner Center in the San Fernando Valley represents one of the most economic deals on the market. A 2 story, 2 building complex built in 1958, is a great value add opportunity with rents that are almost 50% below market. 50/50 1 and 2 bedroom mix. Priced to sell, this asset can only increase in cash flow with improved management, and exterior upgrades. Ample parking in the rear for 14 spaces with lots of street parking. Property offers laundry on site, courtyard, and open grassy areas for great curb appeal. This location sits near Warner Center employment hub, future Los Angeles Rams headquarters and training facility and major employers such as Kaiser, Blue Shield, Anthem, Farmers Insurance and Universal Music. Every convenience including banking, grocery shopping, to Crate & Barrel, Target and AMC theaters,Westfield Mall, Nordstrom, Neiman Marcus, and Cheesecake Factory, making the subject property an affordable option for employees in this market sector.

Location

State CA

County Los Angeles

Area Win - Winnetka

Zoning LAR3

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Garage Carport

Carport Spaces 14

Pool None

Community Features Suburban, Sidewalks

Total Parking Spaces 14

Private Pool No

Building

Lot Description Cul-De-Sac, Lawn

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2137030039

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Conventional

Special Listing Condition Standard

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Terrance Scotton, Broker Associate

Terrance Scotton, Broker Associate

+1(626) 788-9299

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Anngel Benoun • Engel & Volkers Encino • 818-521-4035
Bought with Anngel Benoun • Engel & Volkers Encino

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Terrance Scotton, Broker Associate

+1(626) 788-9299

Broker Associate | License ID: 01707848 NMLS: 908256

Broker Associate License ID: 01707848 NMLS: 908256

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