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

CAL BRE #01898026