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February 19, 2020
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San Fernando Valley Apartment Building Sale Provides $250k/Unit Comp


A private investor has acquired Casa Bryant, a 20-unit, mid-century apartment building in the western San Fernando Valley community of Canoga Park submarket, for $5 mil ($250k/unit). The property is located at 21024 Bryant St, just west of De Soto Ave between Roscoe Blvd and Parthenia Ave.

All but three of the units at Casa Bryant have been renovated with stainless steel appliances and vinyl plank flooring. A soft-story retrofit required by the city of Los Angeles was completed last year.

Warren Berzack with Lee & Associates-LA North/Ventura represented the buyer, a local investor who owns dozens of properties in the Los Angeles area, and the seller, also a private investor.

“This property’s vintage design along with excellent amenities, a strong rental location and very convenient freeway access, made it a very attractive offering” said Berzack, “and with nearly all the units renovated and some additional room for rental growth it was a well-positioned acquisition opportunity.”

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