The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





LOS ANGELES COUNTY NEWS
Printer-friendly Version   Email an Associate
West San Fernando Valley Apartment Property Sells for $252k/Unit

11/16/15

Chateau Winnetka, an 18-unit apartment complex in the west San Fernando Valley community of Winnetka, sold for $4.53 mil, or $252k/unit. The property is located at 7315 Winnetka Ave, between Sherman Way and Saticoy St.

The complex is comprised of 16 one-bedroom and two two-bedroom units, totaling 17.3k sf of space, with an average unit size of 861 sf. Renovated earlier this year, the property features new common area interiors, landscaping, a remodeled lobby, Class A kitchens with granite countertops and stainless steel appliances, wood floors and custom window shutters.

The property is adjacent to Warner Center, the third largest employment base in Los Angeles County. It is in close proximity to the 101, 405 and 118 freeways and the Metro Orange Line.

Melinda Russell of CBRE’s Universal City office represented the seller, Winnetka Partners LLC. The deal closed a t 4.9% cap rate.

Accoridng to Russell, “The seller purchased this property a year ago and fully rehabbed each unit. As a result, vacancies in this higher-quality building rent very quickly, serving as a more affordable alternative to the Warner Center market, where unit prices and rents are substantially higher.”






Return to the Archive page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media