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    22769 Del Valle Street

    Woodland Hills, CA 91364
    • $12,000,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: AR21155041
    UPDATED: 73 min ago
    $12,000,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Ratings & Info

    Description

    THE DEL, 22769 Del Valle St, Woodland Hills. Located south of Ventura Blvd in the highly desirable area of Woodland Hills, this offering presents a rare opportunity to acquire a newly built (completed in 2019) luxury apartment with top-of-the-line amenities and modern finishes. The tax roll shows 79% improvements which gives ownership a high annual depreciation as an added benefit of this investment. The Del Apartments offers an excellent location south of Ventura Blvd and within minutes to Warner Center, and Westfield Topanga and The Village. It is minutes away from Fallbrook Center (Walmart, AMC, other shopping), Kaiser Permanente Hospital, Warner Center Offices, Warner Center Marriott, Pierce College and Taft High School, Shopping, Dining and Entertainment. A variety of newly built luxury lifestyle apartments are also available in the area. The area directly south of The DEL mostly contains higher priced single-family houses. It is bordering Calabasas and Agoura Hills. The DEL is a four-story apartment with 2 levels of subterranean parking. It consists of 22 units apartment. It has a rooftop deck complete with patio furniture, firepit, and offers a sweeping view of San Fernando Valley, Calabasas, Agoura Hills, and Warner Center. The property has a secured entrance complete with intercom. elevator, rooftop deck, gym, recreation room, fire sprinkler throughout with fire alarm monitoring system, lobby area, and leasing office. It offers an excellent unit mix of twelve (12) 2bedroom+2bathroom, and ten (10) 1bedroom+1bathroom units. Two units are designated as low-income. Each unit is large with sizes ranging between 980sf to 1030sf for 2bedroom, and 650sf to 850sf for 1bedroom. Each unit will be delivered with modern amenities such as central A/C and heating, tankless water heater, fire sprinkler throughout, and washer & dryer. Each unit comes with top-of-the-line appliances such as modern kitchen with stainless-steel appliances, quartz countertops, euro-style cabinetry, modern bathroom with tiled bathroom and luxury bathtub sliding doors, and luxury vinyl/laminate wood flooring. Each unit has modern ceiling fans and recessed lighting, some units have wall charging pad for table/ipad, and modern thermostats. Most units have a private patio. Parking is provided by 2 levels of parking (on-grade and subterranean parking). There are a total of 35 spaces with a possibility to add 2 more spaces.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-26T17:35:13.06. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/119366063
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    22769 Del Valle Street Woodland Hills, CA 91364

    • Price: $12,000,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: AR21155041
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    2019
    Built
    Neighborhood:
    WHLL - Woodland Hills
    County:
    Los Angeles
    Area:
    WHLL - Woodland Hills
    Property Description
    THE DEL, 22769 Del Valle St, Woodland Hills. Located south of Ventura Blvd in the highly desirable area of Woodland Hills, this offering presents a rare opportunity to acquire a newly built (completed in 2019) luxury apartment with top-of-the-line amenities and modern finishes. The tax roll shows 79% improvements which gives ownership a high annual depreciation as an added benefit of this investment. The Del Apartments offers an excellent location south of Ventura Blvd and within minutes to Warner Center, and Westfield Topanga and The Village. It is minutes away from Fallbrook Center (Walmart, AMC, other shopping), Kaiser Permanente Hospital, Warner Center Offices, Warner Center Marriott, Pierce College and Taft High School, Shopping, Dining and Entertainment. A variety of newly built luxury lifestyle apartments are also available in the area. The area directly south of The DEL mostly contains higher priced single-family houses. It is bordering Calabasas and Agoura Hills. The DEL is a four-story apartment with 2 levels of subterranean parking. It consists of 22 units apartment. It has a rooftop deck complete with patio furniture, firepit, and offers a sweeping view of San Fernando Valley, Calabasas, Agoura Hills, and Warner Center. The property has a secured entrance complete with intercom. elevator, rooftop deck, gym, recreation room, fire sprinkler throughout with fire alarm monitoring system, lobby area, and leasing office. It offers an excellent unit mix of twelve (12) 2bedroom+2bathroom, and ten (10) 1bedroom+1bathroom units. Two units are designated as low-income. Each unit is large with sizes ranging between 980sf to 1030sf for 2bedroom, and 650sf to 850sf for 1bedroom. Each unit will be delivered with modern amenities such as central A/C and heating, tankless water heater, fire sprinkler throughout, and washer & dryer. Each unit comes with top-of-the-line appliances such as modern kitchen with stainless-steel appliances, quartz countertops, euro-style cabinetry, modern bathroom with tiled bathroom and luxury bathtub sliding doors, and luxury vinyl/laminate wood flooring. Each unit has modern ceiling fans and recessed lighting, some units have wall charging pad for table/ipad, and modern thermostats. Most units have a private patio. Parking is provided by 2 levels of parking (on-grade and subterranean parking). There are a total of 35 spaces with a possibility to add 2 more spaces.
    Exterior Features

    Carport Spaces 0 Lot Features LevelNear Public TransitRectangular Lot Number Of Separate Electric Meters 23 Open Parking Spaces 0 Parking Features AssignedControlled EntranceConcrete Parking Total 35 Pool Features None Pool Private YN No Property Attached YN Yes Roof Flat

    Interior Features

    Appliances Energy Star Qualified AppliancesEnergy Star Qualified Water HeaterElectric RangeGas RangeHigh Efficiency Water HeaterDryerWasher Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Flooring LaminateWood Heating Central Heating YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.39 Common Interest Community Apartment Community Features Suburban Current Financing None Electric Standard Electric Expense 11308 Fuel Expense 0 Garage YN Yes Gross Income 645403 Gross Scheduled Income 665364 Insurance Expense 9013 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer HookupInside Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 18171 Net Operating Income 406934 New Construction YN No Number Of Separate Gas Meters 23 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 238469 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 55447 Trash Expense 11431 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Sewer Expense 854 Water Source Public Zoning Lar3

    Listing provided courtesy of Handoko Chen of Gig Real Estate Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-26T17:35:13.06. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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