27 UNITS | NON RENT CONTROL
5505 Zelzah Avenue, Encino, CA 913156
THE ASSET
INVESTMENT HIGHLIGHTS
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20% Potential Rental Upside – Non Rent Control opportunity
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“A” Location – Encino, CA
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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)
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82% Two bedroom units post rehab potential
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51 Parking Spaces
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Central Air Condition
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Luxury Amenities can include spacious exercise room/club house, formal entrance, resort style pool area
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Easy Access to the trendy shops, restaurants and entertainment venues along Ventura Blvd.
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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
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120% Potential Rental Upside – Non Rent Control opportunity
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“A” Location – Encino, CA
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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)
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27 Two bedroom units post rehab potential (*Non-Conforming Units, Buyer to verify with the city potential to legalize)
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51 Parking Spaces
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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
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Encino is situated in the central portion of the southern San Fernando Valley and on the north slope of the Santa Monica Mountains.
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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.
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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.
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There are approximately 3,800 businesses employing about 27,000 people at an annual payroll of $1.4 billion.
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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.
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Served by 2 major freeways—the US 101 Freeway and the I-405 Freeway.
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Encino is served by the Los Angeles Unified School District (LAUSD).
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Hesby Oaks Leadership Charter School (K-8 school), LAUSD, 15530 Hesby Street
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Encino Charter Elementary School, LAUSD, 16941 Addison Street
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Emelita Street Elementary School, LAUSD, 17931 Hatteras Street
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Fred E. Lull Special Education Center, LAUSD, 17551 Miranda Street
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Lanai Road Elementary School, LAUSD, 4241 Lanai Road
CONTACT
EXCLUSIVE LISTING AGENT


Kelly Morgan
310.836.3638
CAL BRE #01898026