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20542 Hartland Street

Winnetka, CA 91306
  • $1,475,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: SR24025598
UPDATED: 194 min ago
$1,475,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Anie Mayelian of Equity Union (818-989-2000) and Aleen Mayelian of ()


Description

We are proud to present 20542 Hartland Street--a 6 unit building in Winnetka near Woodland Hills. The property consists of four 2 bedroom / 1 bath units and two 1 bedroom / 1 bath units. The building features fresh painted exterior, gated front entrance, security gated 6 parking spaces, and a laundry room for tenants' convenience. The units are also separately metered for gas and electric. The large lot size of 7,412 SF also allows an investor to build at least 2 ADUs on the lot and/or convert the parking spaces to ADUs. With an upside in rents of at least 57% and potential for further improvements to the property, the building is a true value add opportunity in an unbeatable location of high demand due to the numerous large developments and attractions in the area. The property is centrally located near the newly built Topanga Social, the Westfield Topanga Mall and Village, and the Kroenke Warner Center development, which will soon be home to the LA Rams Training Facility.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-03T00:29:37.863. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/147395489
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20542 Hartland Street Winnetka, CA 91306

  • Price: $1,475,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 194 min ago
  • ID#: SR24025598
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1957
Built
Neighborhood:
WIN - Winnetka
County:
Los Angeles
Area:
WIN - Winnetka
Property Description
We are proud to present 20542 Hartland Street--a 6 unit building in Winnetka near Woodland Hills. The property consists of four 2 bedroom / 1 bath units and two 1 bedroom / 1 bath units. The building features fresh painted exterior, gated front entrance, security gated 6 parking spaces, and a laundry room for tenants' convenience. The units are also separately metered for gas and electric. The large lot size of 7,412 SF also allows an investor to build at least 2 ADUs on the lot and/or convert the parking spaces to ADUs. With an upside in rents of at least 57% and potential for further improvements to the property, the building is a true value add opportunity in an unbeatable location of high demand due to the numerous large developments and attractions in the area. The property is centrally located near the newly built Topanga Social, the Westfield Topanga Mall and Village, and the Kroenke Warner Center development, which will soon be home to the LA Rams Training Facility.
Exterior Features

Carport Spaces 6 Carport YN Yes Entry Level 1 Entry Location Hartland St Lot Features PavedYard Number Of Separate Electric Meters 7 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features CurbsStorm Drain(s)Street LightsSidewalks Electric Expense 0 Fuel Expense 214.39 Garage YN No Gross Income 113997 Gross Scheduled Income 113997 Insurance Expense 1442 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 2880 Net Operating Income 75111 New Construction YN No New Taxes Expense 18437 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 35466 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 3548.7 Vacancy Allowance Rate 3 Water Sewer Expense 7743.9 Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-03T00:29:37.863. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Anie Mayelian of Equity Union (818-989-2000) and Aleen Mayelian of ()