exclusive multifamily offering 15250 Ventura Blvd., Suite 100 Sherman Oaks, CA 91403 P: 818-986-9800 F: 818-933-0450 www.lee-associates.com Lee & Associates® LA North/Ventura, Inc. Corporate ID #01191898 A Member of the Lee & Associates Group of Companies WARREN BERZACK National Director, Lee Multifamily Advisory Group President, Berzack Investment Property Advisors Lic. #01329015 818.933.0350 [email protected]Casa Bryant Apartments 21024 Bryant St., Canoga Park, CA | 20 units investment property advisors BERZACK
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exclusive multifamily offering · Sherman Oaks, CA 91403. P: 818-986-9800 F: 818-933-0450. . Lee & Associates® LA North/Ventura, Inc. Corporate ID #01191898. ... Heat & Air Conditioning
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e x c l u s i v e m u lt i fa m i l y o f f e r i n g
15250 Ventura Blvd., Suite 100 Sherman Oaks, CA 91403
P: 818-986-9800 F: 818-933-0450
www.lee-associates.com
Lee & Associates® LA North/Ventura, Inc.
Corporate ID #01191898A Member of the Lee & Associates
Group of Companies
WARREN BERZACKNational Director, Lee Multifamily Advisory Group President, Berzack Investment Property Advisors
Casa Bryant Apartments21024 Bryant St., Canoga Park, CA | 20 units
i n v e s t m e n t p r op e rt y a d v i s or sBERZACK
C a s a B rya n t C
The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.
21024 Bryant Street | Canoga Park, CACa s a Br ya n t apa r t m e n t s
i n v e s t m e n t p r op e rt y a d v i s or sBERZACK
PROPERTY DESCRIPTION
�Significant Upside in Rents
�Strong Unit Mix
�City of LA Soft-Story Earthquake Retofit Work Completed in 2018
�17 of 20 Units Renovated
�New Exterior Paint 2018
Casa Bryant Apartments is an exceptionally maintained 20-unit apartment community located in Canoga Park,
California. Set on a 23,361 square foot lot, the 17,376 square foot property offers spacious one, two, and three-bedroom apartment homes. Built in 1966, the property offers excellent amenities, a strong rental location, and superb freeway access.
LOCATION INFORMATION
�Minutes from Topanga Canyon Blvd., 118 & 101 Freeways
�2 Miles from Warner Center
�1 Mile from Northridge Fashion Center
�Nearby to multiple parks, schools, churches and temples
�Minutes from Vallarta Supermarket, Ralphs, Starbucks, and a myriad of other retail offerings
�Covered Parking
�Swimming Pool & Lounge Area
�Laundry Facilities
�Heat & Air Conditioning
�Stainless Steel Appliances
�Private Patio Area
Highlights Amenities
Casa Bryant Apartments are desirably located along De Soto Avenue between Parthenia Street and Roscoe Boulevard, just east of Caonga Avenue.
C a s a B rya n t C
The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.
21024 Bryant Street | Canoga Park, CACa s a Br ya n t apa r t m e n t s
i n v e s t m e n t p r op e rt y a d v i s or sBERZACK
PROPERTY PHOTOS
C a s a B rya n t C
The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.
21024 Bryant Street | Canoga Park, CACa s a Br ya n t apa r t m e n t s
i n v e s t m e n t p r op e rt y a d v i s or sBERZACK
PROPERTY PHOTOS
C a s a B rya n t C
The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.
21024 Bryant Street | Canoga Park, CACa s a Br ya n t apa r t m e n t s
i n v e s t m e n t p r op e rt y a d v i s or sBERZACK
MULTIFAMILY INVESTMENT INFORMATION SHEET
PROPERTY NAME NUMBER OF UNITS 20 ADDRESS BUILDING SIZE (SQ. FT.) 17,376 CITY, STATE, ZIP LOT SIZE (SQ. FT.) 23,361 PRICE COST PER UNIT $254,750YEAR BUILT COST PER SQFT $293.22
* 15% Rental Upside * 17 or 20 Units Renovated * City of LA Earthquake Retrofit Work Completed 2018
RENTAL INFORMATIONNO. UNITS BDRMS BATHS AVG. RENT RENT Monthly Income
15250 Ventura Boulevard, Suite 100 | Sherman Oaks, CA 91403
Casa Bryant Apartments
INVESTMENT HIGHLIGHTS
Cash on Cash
CAP Rate
MARKET INCOME/YEAR
The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.
C a s a B rya n t C
The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.
21024 Bryant Street | Canoga Park, CACa s a Br ya n t apa r t m e n t s
i n v e s t m e n t p r op e rt y a d v i s or sBERZACK
The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.
21024 Bryant Street | Canoga Park, CACa s a Br ya n t apa r t m e n t s
i n v e s t m e n t p r op e rt y a d v i s or sBERZACK
# Address City # of Units Year Built 1+1 2+1 2+2
1 21034 Bryant St. Canoga Park, CA 91304 10 1977 $1,500 N/A N/A
2 20909 Parthenia St. Canoga Park, CA 91304 68 1964 $1,650 $1,985 N/A
3 8561 De Soto Ave. Canoga Park, CA 91304 170 1973 $1,650 N/A $2,150
4 8609 De Soto Ave. Canoga Park, CA 91304 123 1976 $1,675 N/A $2,250
5 8735 Independence Ave. Canoga Park, CA 91304 100 1985 $1,705 $1,965 $2,360
6 8700 De Soto Ave. Canoga Park, CA 91304 61 1987 $1,725 $2,165 $2,300
AVERAGES 89 1977 $1,651 $2,038 $2,265
SUBJECT 20 1966 $1,343 $1,576 $1,526
RENT COMPARABLES
SALES COMPARABLES
Address # of
Un
its
Year
Built
Sales
Price
Rent
able
Sq. F
t.
Avg
SqFt
/Unit
Price
/Unit
Price
/
Sq
. Ft.
CAP R
ate
GRM
Close
of
Escro
w
1 10009 De Soto Ave. 61 1963 $13,600,000 43,616 715 $222,951 $312 4.50% 13.22 On MarketChatsworth, CA
2 9919-9947 De Soto 64 1964 $15,200,000 51,944 812 $237,500 $293 4.35% 13.15 12/16/18Chatsworth, CA
3 20326 Saticoy St. 33 1976 $5,561,079 17,900 542 $168,518 $311 4.25% N/A 07/03/18Winnetka, CA
The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.
21024 Bryant Street | Canoga Park, CACa s a Br ya n t apa r t m e n t s
i n v e s t m e n t p r op e rt y a d v i s or sBERZACK
AREA INFORMATIONCanoga Park, a small community within the West San Fernando Valley of Los Angeles, is bordered by Woodland Hills to the south, Chatsworth to the north, West Hills to the west and Winnetka to the east. The area is home to Warner Center, a major business hub with 18.4 million square feet of commercial space, one of the largest regional shopping centers in the region, Los Angeles Pierce College, a major hospital and numerous parks and recreational areas.
A densely populated, diverse middle-income community, Canoga Park sits amidst one of the most active redevelopment booms in Los Angeles. Thousands of apartment units have been constructed in the West Valley over the past few years and even more development is on the way.
• Retail Centers… Most notably the Westfield Topanga a 2.1 million sq. ft. , top-level shopping center. The Village at Westfield Topanga, a $350 million, 30-acre, 550,000-square-foot open-air mall with a Costco and more than 80 shop.
• Developments… Another proposed development will transform the former Rocketdyne campus in Canoga Park into a mixed use retail and office complex. A total of 5 million square feet is expected to be developed at the 47-acre site at an anticipated cost of $3 billion.
DEMOGRAPHIC SUMMARY
Total Population
Average Household Income
32,373
$71,708
443,584
$102,995
1-mile radius 5-mile radius
C a s a B rya n t C
The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.
21024 Bryant Street | Canoga Park, CACa s a Br ya n t apa r t m e n t s
i n v e s t m e n t p r op e rt y a d v i s or sBERZACK