Description

Located near the intersection of Tampa Avenue and Victory Boulevard, the property allows residents convenient access to all of the new and upcoming development projects in nearby Warner Center and Woodland Hills. In addition to the new Topanga Village outdoor shopping mall, the upcoming massive Promenade 2035 mixed-use development, to be constructed by Los Angeles Rams owner Stan Kroenke, is also just a short drive from the property. Ownership has recently completed several significant capital improvements, including roof repairs in 2025 and an upgraded main electrical panel. The gated property provides an added level of security and privacy for residents, while separate on-site laundry and storage generate additional income streams beyond traditional residential rents. The asset is professionally managed by an experienced property management company, providing an established operating structure for a new owner. The property is not included on the Los Angeles Department of Building & Safety's Seismic Retrofit List, saving a new owner from an otherwise substantial capital expense. Moreover, the large carport in the rear of the property may allow for future potential ADU development (Buyer to verify), providing additional future value for the new investor.