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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

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Attributes

Building Area
Land Area ()
Number of units 35

Property Description

JLL, as exclusive advisor, is pleased to present for sale 35 units across three high-performing value-add multi-housing investment opportunities in the prominent San Fernando Valley , Woodman Garden Apartments, 7107 Woodman and 13701 Gault (the “Offering”). Woodman Garden Apartments is a 12 unit property located in Sherman Oaks, while 7107 Woodman and 13701 Gault are 16 units and 7 units, respectively, located adjacent to one another in Van Nuys. 

 

Ideally situated in two preeminent cities within the San Fernando Valley, the Offering represents a unique value-add opportunity in two of Los Angeles’ most desirable rental market. The Offering give residents unparalleled accessibility to an array of retail amenities, dining options, recreation and entertainment venues and employment centers.

 

Woodman Garden Apartments, 7107 Woodman and 13701 Gault are offered for sale as a thee-property portfolio, however, investors may also acquire the properties individually. Each Property is being offered free and clear of debt encumbrances.

Investment Highlights

Woodman Garden Apartments

 

High Performing Asset

  • ±9.3% Effective Gross Income and +63% NOI Growth from 2020 YE to July 2021 T3 annualized

Significant Value-Add Opportunity

  • 2 units (±17% of all units) have been renovated by current ownership, 10 units (±73% of all units) are primed for renovation with new high-end cabinetry, quartz countertops, undermount sinks and gooseneck faucets, vinyl plank flooring, new paint, stainless steel appliances, and more

High-Performing Submarket

  • Woodman Garden Apartments is located in the CoStar-defined submarket of Sherman Oaks, which is projected to average ±4.0% annual rent growth and ±96.3% occupancy from 2021 through 2025

Proximate to a Diverse Array of Amenities

  • Woodman Garden Apartments advantageous Sherman Oaks location provides tenants access to a diverse array of both retail and lifestyle amenities within a short commute

7107 Woodman

 

High Performing Asset

  • +129% NOI Growth from 2019 YE to July 2021 T3 annualized

Significant Value-Add Opportunity

  • 1 unit (±6% of all units) have been renovated by current ownership, 15 units (±94% of all units) are primed for renovation with new high-end cabinetry, quartz countertops, undermount sinks and gooseneck faucets, vinyl plank flooring, new paint, stainless steel appliances, and more

Strong Submarket Fundamentals

  • 7107 Woodman is located in the CoStar-defined submarket of Van Nuys, which is projected to average ±4.1% annual rent growth and ±97.5% occupancy from 2021 through 2025

Access to Major SoCal Employment Centers

  • Immediate access to both the 101 & 405 Freeways allow for a convenient commute to many of Los Angeles’ major employers and employment hubs

13707 Gault

 

High Performing Asset

  • +129% NOI Growth from 2019 YE to July 2021 T3 annualized

Significant Value-Add Opportunity

  • None of the units have been renovated by current ownership. All units are primed for renovation with new high-end cabinetry, quartz countertops, undermount sinks and gooseneck faucets, vinyl plank flooring, new paint, stainless steel appliances, and more

Strong Submarket Fundamentals

  • 13707 Gault is located in the CoStar-defined submarket of Van Nuys, which is projected to average ±4.1% annual rent growth and ±97.5% occupancy from 2021 through 2025

Access to Major SoCal Employment Centers

  • Immediate access to both the 101 & 405 Freeways allow for a convenient commute to many of Los Angeles’ major employers and employment hubs
Last Updated Date: 30 Sep 2021
Peter Yorck
Peter Yorck
Managing Director
License details
01999279
Nick Lavin
Nick Lavin
Director, Capital Markets
License details
CA-2081747

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Last Updated Date: 30 Sep 2021

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