Located at 13535 Moorpark Street, the building occupies a large corner lot that spans block-to-block, with frontage on three different streets. Residents enjoy extremely convenient access to the high-end shopping and fine dining along renowned Ventura Boulevard, just one block away. The property itself has been significantly upgraded in recent… Read More years, including the completion of all seismic retrofit repairs (Buyer to verify) as well as improvements to the electrical panels, plumbing system, and landscaping. New water heaters and a remodeled outdoor seating area have both been added to the property recently, while the laundry room has been updated as well. Apartment interiors have largely been refurbished, allowing a new investor to maintain improved cash flow without the need for major capital expenditures. In fact, 75% of all units have already been upgraded, yet there still remains approximately 21% in rent upside for a new owner to recapture. Located near the intersection of Woodman Avenue and Ventura Boulevard, the property is situated on the corners of Moorpark Street, Allott Avenue, and Rye Street. In addition to being just one block from Ventura Boulevard, tenants are also walking distance from the Westfield Fashion Square. The new 93,000 square foot Shops at Sportsmen's Lodge, including a large Erewhon location, are just one mile from the property, helping to attract higher-paying tenants to the building. Read Less
Property listed by Marcus & Millichap, Roderick 'Rick' Raymundo 818-212-2700
Listing Snapshot
Days Online
6
Last Updated
Beds
30
3/4 Baths
23
Square Ft.
17,654
Lot Size
0.39 Acres
Year Built
1957
MLS Number
26866517
Additional Details
Building
Built in 1957, Living area: 17654.0, 1 building, 2 stories, Levels: Two
Income
Gross Income: $507,132, Net Operating Income: $304,529
Lot
0.3909 acres
Parking
Assigned
Taxes
Parcel Number: 2360004016, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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