5130 Yarmouth Ave, Encino, CA 91316
54 Unit Apartment Building | $12,550,000 ($232,407/Unit) | 5.43% Cap Rate | Encino, CA 91316
For Sale
Active
Asking Price $12,550,000
- Property Type
-
Multifamily
- Square Feet
- 47,573 SF
Listing Contacts
Ira Afari
Property Overview
ENCINO TERRACE APARTMENTS
5130 Yarmouth Avenue, Encino, California 91316
ENCINO TERRACE is located on a beautiful tree-lined quiet street within walking distance of Ventura Boulevard, the main shopping, dining, and entertainment area of Encino. It is within walking distance of major supermarkets, drugstores, places of worship for all denominations, major restaurants, places of entertainment, and within a short distance of major hospitals.
ENCINO TERRACE is 5 blocks to the on-ramp for US 101 Freeway.
ENCINO TERRACE is a two-story apartment building located in the heart of residential area of Encino, California, which is considered a premier location for apartment buildings in San Fernando Valley, a suburb of Los Angeles. Built in 1963 it consists of 53 permitted units plus one converted unit for a total of 54 units. Most of the units have been updated and the building has gone through Earthquake Soft-Story Retrofit
The building consists of (20) 2bed/2 bath units, (8) 2bed/1bath units,(18) 1bed/1bath units, (5) 3bed/2bath units, (1) 3bed/3bath units and (2) studio units. All units are separately metered for electricity and water. tenants pay their own cable, internet, and telephone bills.
The units are well spread within the property with extensive landscaping between the various parts of the building giving the building a home-like atmosphere.
ENCINO TERRACE has a beautiful pool in the center of the building complex, and an on-site Laundry Facility with modern machines for the tenants.
5130 Yarmouth Avenue, Encino, California 91316
ENCINO TERRACE is located on a beautiful tree-lined quiet street within walking distance of Ventura Boulevard, the main shopping, dining, and entertainment area of Encino. It is within walking distance of major supermarkets, drugstores, places of worship for all denominations, major restaurants, places of entertainment, and within a short distance of major hospitals.
ENCINO TERRACE is 5 blocks to the on-ramp for US 101 Freeway.
ENCINO TERRACE is a two-story apartment building located in the heart of residential area of Encino, California, which is considered a premier location for apartment buildings in San Fernando Valley, a suburb of Los Angeles. Built in 1963 it consists of 53 permitted units plus one converted unit for a total of 54 units. Most of the units have been updated and the building has gone through Earthquake Soft-Story Retrofit
The building consists of (20) 2bed/2 bath units, (8) 2bed/1bath units,(18) 1bed/1bath units, (5) 3bed/2bath units, (1) 3bed/3bath units and (2) studio units. All units are separately metered for electricity and water. tenants pay their own cable, internet, and telephone bills.
The units are well spread within the property with extensive landscaping between the various parts of the building giving the building a home-like atmosphere.
ENCINO TERRACE has a beautiful pool in the center of the building complex, and an on-site Laundry Facility with modern machines for the tenants.
Property Details
- Class
- C
- Year Built
- 1963
- Stories
- 2
- Lot Size (sq. ft)
- 56,192 SF
- Units
- 54
Highlights
- Walking distance of Ventura Blvd, the main shopping, dining, and entertainment area of Encino.
- 5 blocks to the on ramp for US 101 Freeway.
- Separately metered electricity and gas.
- Community features heated pool with fenced sundeck and laundry facilities.
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