Granada Hills Apartments_Property for Sale
Granada Hills Apartments_Property for Sale
11611 Blucher Ave, Granada Hills, CA, 91344-3249, US

Granada Hills Apartments

Asset description

JLL, as exclusive advisor, is pleased to present for sale Granada Hills Apartments, an 80- unit value-add investment opportunity located in Granada Hills within the San Fernando Valley. Previous ownership has converted 57 units into fully renovated, three-bedroom co-living homes, or 172 suites. The co-living suites are rented on an individual bedroom basis and come fully furnished with Wi-Fi and utilities included within the tenant's rent. The residents of the co-living suites enjoy luxury amenities within there suites, such as a Samsung Smart TV, dry bar, and mini refrigerator, while also having access to the shared kitchen, living room, and laundry facilities. Of the 23 conventional units, all of which are 2 bedroom / 2 bathroom Townhome units, 19 have been recently renovated. New ownership will have the opportunity to complete the proven renovation strategy and push the four (4) non-renovated rents by 26%. The Property's location is conveniently positioned adjacent to Cal State Northridge, Kaiser Permanente Panorama City, and Pierce College, attracting renters who seek a retreat from their everyday occupations and activities. The combination of the Property’s unique unit mix and desirable micro-location offers the potential for durable growth and outsized returns for years to come

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Attributes

Units
80
Year built
1986

Media

Investment highlights

  • Conventional Unit Value-Add Opportunity
  • Proximate to San Fernando's Employment and Education Hubs
  • Virtually no competing supply
Granada Hills Apartments 4_Property for Sale
Granada Hills Apartments 4_Property for Sale

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Last updated
Jul 9, 2024