27 UNITS | NON RENT CONTROL

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

 

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

 

CONTACT

EXCLUSIVE LISTING AGENT

Kelly Morgan

310.836.3638

kellymorgan@kw.com

CAL BRE #01898026

CONTACT

2701  Ocean Park Boulevard

Suite 140

Santa Monica, CA 90405

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