21601 Erwin St | Woodland Hills, CA 91367
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- LoopNet Team
21601 Erwin St
Woodland Hills, CA 91367
Fusion Warner Center · Build-to-Rent Property For Sale
·
266 Units
INVESTMENT HIGHLIGHTS
- Opportunity to acquire a value-add multifamily community in the desirable Woodland Hills/ Warner center submarket of Los Angeles CA.
- Value-add upside through unit interior and common area renovations.
- Seismic Retrofit has been completed. All copper plumbing.
- First time on the market in 42 years, with 100% Original Units.
- Strong Demographics with median household incomes of $135,260 (2019 US Census Bureau).
- Located with an opportunity zone, with no height restrictions for future development (2035 Warner Center Plan).
PROPERTY FACTS
| No. Units | 266 | Property Size | 218,113 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Floors | 3 |
| Apartment Style | Garden | Year Built | 1978 |
| Costar Property Class | B | Parking Allocation | 1.83/1,000 sq ft |
| Total Plot Size | 7.73 ac | ||
| Use Class | LAWC - Located with an opportunity zone, with no height restrictions for future development (2035 Warner Center Plan). | ||
| No. Units | 266 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | B |
| Total Plot Size | 7.73 ac |
| Property Size | 218,113 sq ft |
| Average Occupancy | 95% |
| No. Floors | 3 |
| Year Built | 1978 |
| Parking Allocation | 1.83/1,000 sq ft |
| Use Class | LAWC - Located with an opportunity zone, with no height restrictions for future development (2035 Warner Center Plan). |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Heating
- Ceiling Fans
- Tile Floors
- Crown Moulding
- Eat-in Kitchen
- Wooden Floors
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Range
- Walk-In Closets
- Carpet
SITE AMENITIES
- 24 Hour Access
- Fitness Centre
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Sauna
- Spa
- Tennis Court
- Gated
- Grill
- Pet Play Area
- Walking/Biking Trails
- Lift
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 29 | £1,490 | 450 - 550 |
| 1+1 | 107 | £1,705 | 621 - 623 |
| 2+1 | 74 | £1,919 | 762 |
| 2+2 | 30 | £1,982 | 953 |
| 3+2 | 26 | £2,499 | 1,128 |
PROPERTY TAXES
| Parcel Number | 2146-005-040 | Improvements Assessment | £52,811,010 |
| Land Assessment | £22,633,290 | Total Assessment | £75,444,300 |
PROPERTY TAXES
Parcel Number
2146-005-040
Land Assessment
£22,633,290
Improvements Assessment
£52,811,010
Total Assessment
£75,444,300
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