$4,700,000
$5,100,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
0.47 Acres Lot
SOLD DATE : 12/27/2019
Key Details
Sold Price $4,700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR19202395
Sold Date 12/27/19
HOA Y/N No
Year Built 1975
Lot Size 0.470 Acres
Property Description
For the first time on the market in 22 years, Granada Arches Apartments is a stunning 22-unit garden-style apartment complex located in Granada Hills, CA on a large corner lot. The property was built in 1975, and consists of a +/- 13,986 square foot building on a +/- 20,479 square foot lot, zoned LAR3.
Building construction is of wood frame with a flat roof and painted stucco exterior/wood accent. Major capital expenditures have recently been completed, including soft story retrofit and new water heater within the last few years. The building is accessible by foot in the front of the property and by car through gated entrance.
The unit mix is comprised of 7 single units and 15 one-bedroom one-bathroom units. Building amenities include a large private parking lot offering 29 individual spaces, a laundry room, sparkling enclosed pool, and manicured courtyard area with BBQ and patio seating. Units are spacious, offering air conditioning, and several have undergone remodel with new countertops, flooring, and paint. Aesthetically, the property offers beautiful curb appeal, mature trees and is well maintained and landscaped.
Located in prime Granada Hills, the property is centrally located near freeways in a well-sought-after community of the San Fernando Valley. The property is very walkable with nearby offerings such as retail shopping, hospital, recreation center, theater and top schools.
Location
State CA
County Los Angeles
Area Gh - Granada Hills
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool Private
Community Features Suburban, Valley
Total Parking Spaces 29
Private Pool Yes
Building
Lot Description 21-25 Units/Acre, Landscaped
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2696029026
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with James Antonucci • Keller Williams Realty-Studio City
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "