ABOUT THE ASSET

SUMMARY

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Price: 

Price/Unit:

Price/SF

GRM

Cap Rate

​

Units

Year Built

Building SF

Lot SF

APN

PROPERTY DESCRIPTION

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Built in 1987, the Pinewood View Apartments offers investors a rare opportunity to acquire a non-rent controlled, 14-unit apartment community in Tujunga.  The property is comprised of an ideal unit mix featuring (4) one-bedroom/one-bath units at an estimated 600 square feet, and (10) two bedroom/one-bath units at approximately 775 square feet. Seller has upgraded 50% of the units (see rent roll for details).  Individual units are outfitted with central air conditioning, dishwashers, fireplaces, and most feature stunning mountain views. Tenants additionally benefit from plentiful, secured parking comprised of individual enclosed garages with direct access to the building.

$3,475,000

$257,143

$352.11

13.61

4.78%

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14

1987

10,224

10,428

2565-014-024