OSBORNE TOWNHOUSES

12364 Osborne Street, Pacoima CA 91331

 

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

  • Non-Rent Controlled

  • Rents Increased 6.3% YoY within a 2-mile radius

  • Market GRM 14.1

  • Market CAP 4.7%

  • Lowest $Price/Sq. Ft. & Lowest $Price/Unit compared to all recently Sold 3Bdr Townhome Units in the SFV

  • Lowest $Price/Sq. Ft. compared to all currently Active Non-Rent Controlled Listings in the SFV

PROPERTY SUMMARY

FINANCIAL SUMMARY

 

RENDERING GALLERY

 
Slide1
interior w. stainless steal fridge
interior that shows both levels
interior suken living room
interior needs fridge retoutched still use
interior for use when talking about building
interior bedroom crop the end of bed too much white
interior to used randomly
Parking_O4A8773
Main photo use for cover and comps
Parking it shows more of the space which is a selling point
use near or on pages with outdoor light shots i.e parking
Garage Doors_O4A8822

LOCATION

LOCATION OVERVIEW

Gentrification comes to Hansen Hills Adjacent/Pacoima 

For the first time in 50 years the Multi-Family and housing market is dramatically changing in Los Angeles. Los Angeles has a 3.3% vacancy rate which means there is very little supply of homes to buy or quality apartments to rent for the 80 Million Millennials who are now making money and moving out on their own.  The result is gentrification and it has found its way to the Hansen Hills Adjacent/Pacoima area.

This gentrifying neighborhood has seen rents increase by 6.3% and the vacancy rate drop to only 0.8%. The Hansen Hills Adjacent/Pacoima vacancy rate is a fraction of the Los Angeles proper vacancy rate which at 3.3% is already one of the country’s lowest rates. This combination of statistically significant factors is a marked change in the Los Angeles area rental market and stands out as a beacon to forward thinking Investors looking to place their capital into stable and rising markets. The desire for young families to live in style is causing them to move further out of typical areas creating a noticeable change in how we view our city and its surrounding areas. In turn the rents in these areas are rising rapidly and creating an expanding stabilized ownership model that is well in line with what today’s property investors seek.

CONTACT

 

EXCLUSIVE LISTING AGENT

Kelly Morgan

310.836.3638

kellymorgan@kw.com

CAL BRE #01898026