Description
25-unit fee simple lihtc multifamily asset in winnetka. built in 1964 and placed in service in 1997 under the 9% lihtc program. the property is governed by a 30-year regulatory agreement set to expire in july 2027, after which all income and rent restrictions are eligible to sunset. subject to los angeles rent stabilization ordinance (rso). current unit mix includes 4x1br, 13x2br, 7x3br, and 1x4br. as of july 2025, 42% of units are leased to section 8 voucher holders. asset includes 29 gated parking spaces, an on-site laundry facility with five washers and four dryers, and at&t fiber infrastructure. ground-floor leasing office and rec room present adu conversion potential post-expiration. property has undergone significant upgrades including 10 renovated units, 2023 certified seismic retrofit, and full water repipe in 1999. offered with an assumable $2.62m fannie mae loan at 2.98% fixed interest, interest-only through 2030. strategically located near pierce college, metro g line, and major corridors including reseda and topanga boulevards. proximity to warner center, csun, and employment centers supports long-term tenant demand.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
50391982
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 56
Bathroom Information
- Total Baths: 26
- Full Baths: 0
- Half Baths: 0
Interior Features
- Property Appliances: Refrigerator
Heating Source
- Wall Furnace
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1964
- Building Area Total: 24,176
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.7193
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 31333
-
Listing Information
Listing Price Information
- Original List Price: 4,990,000
- Listing Contract Date: 2025-07-10
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 2107001042
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned,Carport,Gated
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: WIN - Winnetka
- Directions: google maps
- Zoning: LAR3
- Source Property Type: Residential Income
- Area: WIN - Winnetka
Building and Construction
- Property Age: 61
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 24176
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 07/14/2025 @ 11:15
- MLS: 25563695
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 56 bedrooms which is for sale, it has 24,176 sqft, 31,333 sized lot, and 0 parking. are nearby neighborhoods.