Encino Terrace | 5130 Yarmouth Ave
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Encino Terrace 5130 Yarmouth Ave
54 Unit Block of Flats £10,008,635 (£185,345/Unit) 5.25% Net Initial Yield Encino, CA 91316
Investment Highlights
- Located in the heart of residential area, just 5 blocks to the on-ramp for US 101 Freeway.
- a beautiful pool in the center of the building complex.
- Most units have been updated.
- Laundry Facility with modern machines on site.
Executive Summary
ENCINO TERRACE is a two-story apartment building located in the heart of residential area of Encino, California, which is considered a premier location for apartment buildings in San Fernando Valley, a suburb of Los Angeles. Built in 1963, it consists of 53 permitted units plus one converted unit for a total of 54 units. Most of the units have been updated and the building has gone through Earthquake Soft-Story Retrofit.
Tract Map to build a condominium building having 70 two- and three-bedroom medium income tenants. (The previous owners of the property had an approved Tentative right and up to 120-unit apartment if a portion of the apartments are allocated to low with the land (R3-1) entitles the property to accommodate a 70-unit apartment building. Most of the units have been updated and the Fernando Valley, a suburb of Los Angeles. Built in 1963, it consists of 53 permitted units of Encino, California, which is considered a premier location for apartment buildings in San Fernando Valley.
The property has undergone capital improvements of approximately $550,000 since 2019 which primarily included Soft Story Earthquake Retrofitting, upgrading of doors. windows, floorings, ceiling scraping, wall unit upgrading, and major plumbing and electrical upgrades,
Tract Map to build a condominium building having 70 two- and three-bedroom medium income tenants. (The previous owners of the property had an approved Tentative right and up to 120-unit apartment if a portion of the apartments are allocated to low with the land (R3-1) entitles the property to accommodate a 70-unit apartment building. Most of the units have been updated and the Fernando Valley, a suburb of Los Angeles. Built in 1963, it consists of 53 permitted units of Encino, California, which is considered a premier location for apartment buildings in San Fernando Valley.
The property has undergone capital improvements of approximately $550,000 since 2019 which primarily included Soft Story Earthquake Retrofitting, upgrading of doors. windows, floorings, ceiling scraping, wall unit upgrading, and major plumbing and electrical upgrades,
Property Facts
| Price | £10,008,635 | Building Class | C |
| Price Per Unit | £185,345 | Lot Size | 1.29 AC |
| Sale Type | Investment | Building Size | 47,573 SF |
| Net Initial Yield | 5.25% | Average Occupancy | 98% |
| No. Units | 54 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Apartment Style | Low Rise |
| Price | £10,008,635 |
| Price Per Unit | £185,345 |
| Sale Type | Investment |
| Net Initial Yield | 5.25% |
| No. Units | 54 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.29 AC |
| Building Size | 47,573 SF |
| Average Occupancy | 98% |
| Number of Floors | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.05/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 400 - 500 |
| 1+1 | 18 | - | - |
| 2+1 | 8 | - | - |
| 2+2 | 20 | - | 600 - 700 |
| 3+2 | 5 | - | - |
| 3+3 | 1 | - | - |
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 2162-013-003 | Improvements Assessment | £1,974,688 |
| Land Assessment | £1,316,455 | Total Assessment | £3,291,143 |
PROPERTY TAXES
Parcel Number
2162-013-003
Land Assessment
£1,316,455
Improvements Assessment
£1,974,688
Total Assessment
£3,291,143
zoning
| Zoning Code | R3-1, Los Angeles (Five Or More Units Or Apartments) |
| R3-1, Los Angeles (Five Or More Units Or Apartments) |
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Encino Terrace | 5130 Yarmouth Ave
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