Exclusive Listings

22-unit apartment Built in 2019 near Warner Center Woodland Hills

Address:
22769 Del Valle St
Woodland Hills, CA 91364
Price:
$12,000,000
Status:
Available
Type:
Apartment
# Units:
22
Year Built:
2019
Building Size:
23,973SF
Lot Size:
36,493SF
CAP Rate:
3.39%
GRM:
18.04xx
Price/Unit:
$545,000
Price/SqFt:
$329

Please contact Han.chen@growthinvestmentgroup.com for full marketing setup.

The Growth Investment Group is proud to present THE DEL, 22769 Del Valle St, Woodland Hills. Located south of Ventura Blvd in the highly desirable area of Woodland Hills, this offering presents a rare opportunity to acquire a newly built (completed in 2019) luxury apartment with top-of-the-line amenities and modern finishes. The tax roll shows 79% improvements which gives ownership a high annual depreciation as an added benefit of this investment.

The Del Apartments offers an excellent location south of Ventura Blvd and within minutes to Warner Center, and Westfield Topanga and The Village. It is minutes away from Fallbrook Center (Walmart, AMC, other shopping), Kaiser Permanente Hospital, Warner Center Offices, Warner Center Marriott, Pierce College and Taft High School, Shopping, Dining and Entertainment. A variety of newly built luxury lifestyle apartments are also available in the area. The area directly south of The DEL mostly contains higher priced single-family houses. It is bordering Calabasas and Agoura Hills.

The DEL is a four-story apartment with 2 levels of subterranean parking. It consists of 22 units apartment. It has a rooftop deck complete with patio furniture, firepit, and offers a sweeping view of San Fernando Valley, Calabasas, Agoura Hills, and Warner Center. The property has a secured entrance complete with intercom. elevator, rooftop deck, gym, recreation room, fire sprinkler throughout with fire alarm monitoring system, lobby area, and leasing office.

It offers an excellent unit mix of twelve (12) 2bedroom+2bathroom, and ten (10) 1bedroom+1bathroom units. Two units are designated as low-income. Each unit is large with sizes ranging between 980sf to 1030sf for 2bedroom, and 650sf to 850sf for 1bedroom. Each unit will be delivered with modern amenities such as central A/C and heating, tankless water heater, fire sprinkler throughout, and washer & dryer.

Each unit comes with top-of-the-line appliances such as modern kitchen with stainless-steel appliances, quartz countertops, euro-style cabinetry, modern bathroom with tiled bathroom and luxury bathtub sliding doors, and luxury vinyl/laminate wood flooring. Each unit has modern ceiling fans and recessed lighting, some units have wall charging pad for table/ipad, and modern thermostats. Most units have a private patio.

Parking is provided by 2 levels of parking (on-grade and subterranean parking). There are a total of 35 spaces with a possibility to add 2 more spaces. Parking is a combination of tandem and regular parking. There are 2 large storage rooms that can be converted into self-storage area to bring additional rental income.



INVESTMENT HIGHLIGHTS:

  • 2019 Construction
  • Newly built 4-story luxury apartment community with 2 levels of parking and a rooftop deck.
  • South of Ventura Blvd location in prime and highly desirable Woodland Hills area!
  • Superb location within minutes to Warner Center Woodland Hills, Westfield Topanga Shopping Center, and superb access to FWY 101
  • INFLATION PROOF your INVESTMENT; High annual DEPRECIATION shelter due to new construction (improvements is valued at 79%)
  • Strong demographics of ±$145,410 average household income within a-mile radius
  • Adjacent to Calabasas, Malibu, Agoura Hills, and offers superb access to FWY 101

 

PROPERTY HIGHLIGHTS:

  • Excellent unit mix with more than 50% are 2bed+2bath units
  • High quality construction with 2 levels of secured parking; Excellent curb appeal
  • Top of the line amenities: Modern rooftop deck with patio furniture and gas firepit, Gym with state-of-the-art fitness equipment, conference room with tv and furniture, garden area with open seating, lobby, etc.
  • Large and bright units with excellent layout and private balcony/patio
  • Each unit has top-of-the-line appliances, modern kitchen, modern bathroom, central A/C and heating, in-unit washer and dryer, stainless steel kitchen appliances, tankless water heater and much more!
  • Ample parking with 2 levels of secured parking (35 spaces, possibility to add 2 more)
  • Fire sprinkler throughout with fire alarm monitoring
  • Individually metered for electricity and gas, elevator, bike rack, disabled parking
  • 2 large storage rooms that can be converted into storage units to bring additional income

Due Diligence


Broker Contact

Han Widjaja-Chen
Direct: 626.594.4900
han.chen@growthinvestmentgroup.com

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Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
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