Detailed Introduction Of This Home
Condominium Style Apartments (8 units)- Condo Conversion was completed on 2012 and each unit can be sold individually. (check with the city and title company)- ** SELLER'S LOAN (CHASE BANK) CAN BE ASSUMABLE AT 3.52% INTEREST RATE OF $1.95M EXPIRING APRIL 2027.- APN NUMBER #2040-031-053 to 060 (8 different APN#) "Explore an exceptional investment opportunity in Woodland Hills! Nestled in a sought-afterneighborhood, this 8-unit apartment boasts a modern condominium style, offering a condo conversion completed project." Each unit, uniquely identified with its own APN#, presents acontemporary lifestyle with individual HVAC, water heaters, and tandem parking spaces.Built in 1992, this two-story gem showcases a range of features, including high ceilings inselect units, creating a spacious and airy feel. With a secure gated parking garage, commonarea laundry facilities, and individual gas and electric meters, this property stands out as asound investment choice. Currently, Few units are ready for new tenants or even an option for owner occupancy. Immediate move-in prospects offer a seamless transition for potential tenants,ensuring steady rental income. Plus, with a cap rate exceeding 5% upon ownership transfer,this property promises a lucrative investment opportunity. Don't miss the chance to own this prime piece of real estate, ideally situated in an area renowned for its great neighborhood and proximity to El Camino Real High School. Whether seeking a steady rental income or eyeing a condominium project, this unique property checks all the boxes for a smart, high-yield investment in a thriving rental market. This unique investment opportunity offers steady cash flow of rent and potential to sell each individual unit as a condominium unit.