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December 2, 2022
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SOUTHERN CALIFORNIA NEWS
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Apartment Building in the Western San Fernando Valley Fetches Nearly $400k/Unit

11/01/22

Vince Norris, Jim Fisher, Mike Smith, Steven Goldstein, Bryan Schellinger, Mike Hanassab, and Elliot Hassan with Northmarq represented the Los Angeles based seller, Xenon Investment Corp.

A 29-unit, fully renovated apartment building in the western San Fernando Valley traded hands in an $11.56 mil ($398.6k/unit) deal. Built in 1979, the property is located at 5505 Zelzah Ave, west of White Oak Ave and adjacent to the south side of the 101 Fwy.

5505 Zelzah is a gated community close to nearby shops, parks, education, and employment opportunities along Ventura Blvd. The pet friendly building is fully renovated, equipped with a swimming pool, lavish outdoor community area, and secured garage parking.

The property offers residents options of one- or two-bedroom units, with apartment amenities providing private balcony/patio, granite or quartz countertops, framed mirrors, in unit washer/dryers, hardwood floors, stainless steel appliances, and a spacious kitchen with updated cabinetry.

Vince Norris, Jim Fisher, Mike Smith, Steven Goldstein, Bryan Schellinger, Mike Hanassab, and Elliot Hassan with Northmarq represented the Los Angeles based seller, Xenon Investment Corp. Under their ownership, Xenon added two ADUs to the property and also made exterior renovations prior to selling.




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