45u in Prime Encino | No City Rent Control 5150 Yarmouth Ave Immeuble residentiel 45 lots 13 949 172 € (309 982 €/Lot) Taux de capitalisation 5 % Encino, CA 91316

Property website with OM: https://properties.berkadia.com/encino-towers-492661
Berkadia is excited to exclusively offer for sale, Encino Towers, a beautifully maintained 45-unit courtyard style apartment community with no LA city rent control (only state restrictions). Located in a prime Encino location, the property is minutes to shopping and dining along Ventura Boulevard. This highly amenitized property features a large swimming pool, fitness center, two community lounges, central A/C, intercom access, secured parking, elevator, and laundry. Units are large and “home-like,” comprised of one-, two-, and three-bedroom floorplans averaging over 1,300 square feet. High end finishes include wood-style flooring (most units), separate dining room, separate wet bar, recessed lighting, and granite or quartz kitchen countertops (appx. 2/3 of units).
The property is situated in a “very walkable” location (80 Walk Score) and is walking distance to Ralphs, Starbucks, Petco, BevMo!, Coral Tree Café, and Encino Courtyard: Target, Shake Shack, Pressed Juicery, Blaze Pizza and Crumbl Cookies. The property is also just minutes to the Sherman Oaks Galleria and Westfield Fashion Center, Sepulveda Basin Recreation Area, Pierce College, and California State University Northridge (CSUN) with easy access to the 101 Freeway.
Encino Towers offers an investor the rare opportunity to purchase a high-quality 45-unit apartment community with no LA city rent control (only state restrictions).
*Unit sizes shown provided by Loopnet, not ownership.