$7,070,000
$7,500,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
29,884 SqFt
SOLD DATE : 04/20/2021
Key Details
Sold Price $7,070,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 29,884 sqft
Price per Sqft $236
MLS Listing ID 21679530
Sold Date 04/20/21
HOA Y/N No
Year Built 1962
Lot Size 0.840 Acres
Acres 0.84
Property Description
Excellent Tarzana Location - The Villa Royale apartments are located walking distance to Ventura Blvd and Reseda Blvd, a very walkable pocket of the sub-market. | Attractive Unit-Mix - Over 60% of the unit mix consists of 2 bedroom and 3 bedroom units. | Immediate Rental Upside - The Villa Royale apartments offers immediate rental upside with five units being delivered vacant. | High Barrier To Entry Sub-Market | Soft Story Retrofit Completed - The owner recently completed all the soft story retrofit work required. | The building is 100% copper piped.
Location
State CA
County Los Angeles
Area Tar - Tarzana
Zoning LAR3
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Garage Covered
Parking Type Covered
Building
Story 2
Others
Senior Community No
Tax ID 2160004029
Special Listing Condition Standard
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Bought with Elliot Hassan • James Capital Advisors, Inc.
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CEO | DRE# SA695240000 | DRE# 02100184