5505 Zelzah | CRE Support Center

5505 Zelzah Avenue, Encino, CA 913156

THE ASSET

INVESTMENT HIGHLIGHTS

20% Potential Rental Upside – Non Rent Control opportunity
“A” Location – Encino, CA
14 One bedroom units with den can easily be converted into two bedroom units due to unit layout and ample parking (Buyer to Verify with City)
82% Two bedroom units post rehab potential
51 Parking Spaces
Central Air Condition
Luxury Amenities can include spacious exercise room/club house, formal entrance, resort style pool area
Easy Access to the trendy shops, restaurants and entertainment venues along Ventura Blvd.
Affluent Demographics: Average household incomes in excess of $109,000 within a 3-mile radius and over $126,000 in the residential area directly to the South of the subject property

INVESTMENT HIGHLIGHTS

120% Potential Rental Upside – Non Rent Control opportunity
“A” Location – Encino, CA
18 One bedroom units with den can easily be converted into two bedroom units due to unit layout ( *Non-Conforming Units, Buyer to verify with the city potential to legalize)
27 Two bedroom units post rehab potential (*Non-Conforming Units, Buyer to verify with the city potential to legalize)
51 Parking Spaces
Central Air Condition
Luxury Amenities can include spacious exercise room/club house, formal entrance, resort style pool area
Easy Access to the trendy shops, restaurants and entertainment venues along Ventura Blvd.
Affluent Demographics: Average household incomes in excess of $109,000 within a 3-mile radius and over $126,000 in the residential area directly to the South of the subject property

PROPERTY SUMMARY

FINANCIAL SUMMARY

RENDERING GALLERY

Suggested Post Rehab Renderings

LOCATION

ENCINO OVERVIEW

Encino is situated in the central portion of the southern San Fernando Valley and on the north slope of the Santa Monica Mountains.
Encino is flanked on the north by Reseda and the Sepulveda Basin, on the east by Sherman Oaks, on the southeast by Bel-Air, on the south by Brentwood and on the west by Encino.
The local economy provides jobs primarily in health care (including one of two Encino-Encino Regional Medical Center hospitals), social services, and professional services (accounting and financial services, real estate, and legal) sectors.
There are approximately 3,800 businesses employing about 27,000 people at an annual payroll of $1.4 billion.
Forty-six percent of Encino residents aged 25 and older had earned a four-year degree a high percentage for both the city and the county. The percentage of those residents with a master's degree or higher was also high for the county.
Served by 2 major freeways—the US 101 Freeway and the I-405 Freeway.
Encino is served by the Los Angeles Unified School District (LAUSD).
Hesby Oaks Leadership Charter School (K-8 school), LAUSD, 15530 Hesby Street
Encino Charter Elementary School, LAUSD, 16941 Addison Street
Emelita Street Elementary School, LAUSD, 17931 Hatteras Street
Fred E. Lull Special Education Center, LAUSD, 17551 Miranda Street
Lanai Road Elementary School, LAUSD, 4241 Lanai Road