34 Units | 88% 2BR/2BA | ±27% Rent Upside

Highlights:

• 88% of the units consist of 2-bedroom + 2-bath units
• Roof was replaced in 2018 and all soft-story has been completed
• Value-add opportunity with ±27% potential upside in current rents
• Select units have been remodeled & include stainless steel appliance
• Many units offer private patios & balconies
• Building includes secure parking/entry, (2) on-site laundry & swimming pool
• Adjacent Warner Center & the soon to be Rams NFL Village
• Just minutes to Chatsworth, Calabasas, & Tarzana
• Close to both shopping, dinning & public transportation
• Per Costar 49% of the residents of Canoga Park are renters

Description:

Nestled at 20951 Roscoe Blvd in the heart of vibrant Canoga Park, California, Vista Garden Apartments is an exceptional 34-unit multifamily property. This well-maintained, value-add asset combines timeless appeal with significant upside ±27% potential, offering investors a rare opportunity to own a standout property in a thriving market.

Constructed in 1963, this two-story, garden-style complex encompasses ±34,370 SF, with a lot that spans over ±0.81 acres, exuding vintage charm while incorporating modern upgrades that elevate its desirability in the competitive San Fernando Valley rental market.

Vista Garden Apartments offers a diverse unit mix, including studio, one-bedroom, two-bedroom, and three-bedroom residences, with 88% comprising spacious two-bedroom, two-bath layouts designed for modern comfort. The property enhances tenant convenience with two on-site laundry facilities, eliminating the need for off-site visits. Security is prioritized with controlled access entry and gated parking featuring assigned spaces, ensuring peace of mind. A sparkling swimming pool, enveloped by lush tropical landscaping, creates an inviting oasis for relaxation.

Constructed with durable wood-frame architecture and equipped with efficient forced-air heating, the property has benefited from recent capital improvements, such as the installation of a new roof in 2018, soft-story retrofit, improved patios, and select units have been remodeled, minimizing immediate maintenance costs. This allows investors to focus on strategic value-enhancing initiatives to maximize returns.

The residences at Vista Garden Apartments boast refined interiors designed for modern living. Each upgraded unit features elegant hardwood-inspired flooring, sleek granite countertops, and premium stainless-steel appliances, including gas stoves and dishwashers. Spacious closets with sliding mirror doors and central air conditioning enhance comfort, while large windows flood the spaces with natural light. Ground-floor units include expansive private patios, perfect for outdoor relaxation, and select second-floor units offer generous balconies for elevated living.

The residences at Vista Garden Apartments redefine modern elegance with meticulously upgraded interiors. Each unit showcases stylish hardwood-inspired flooring, luxurious granite countertops, and top-tier stainless steel appliances, including gas stoves and dishwashers. Generous closets with sliding mirror doors and efficient central air conditioning ensure effortless comfort, while expansive windows bathe the interiors in natural light. Ground-floor units feature spacious private patios ideal for serene outdoor moments, and select second-floor residences offer expansive balconies for elevated relaxation and enjoyment.

Vista Garden Apartments captivates with its charming architecture, centered around a beautifully landscaped courtyard featuring tranquil fountains. This serene retreat fosters a strong sense of community, promoting tenant satisfaction and retention. The inviting ambiance ensures consistent occupancy and supports robust, reliable cash flow for investors.

Canoga Park, located in the western San Fernando Valley of Los Angeles, California, is a vibrant and diverse neighborhood with approximately 60,000 residents. With a population considered “highly diverse” ethnically, Canoga Park offers a welcoming atmosphere where modern amenities and a laid-back suburban vibe coexist.

Canoga Park’s strategic location in the San Fernando Valley ensures excellent connectivity to key destinations in and around Los Angeles. Situated approximately 28 miles northwest of Downtown Los Angeles, it offers a reprieve from the city’s hustle while remaining accessible. Nearby cities include Warner Center, West Hills, Winnetka, Woodland Hills, and Chatsworth to the north, east, south, and west, respectively, with Calabasas and Simi Valley also nearby.

Canoga Park is a haven for shopping and entertainment, with its main commercial corridor along Sherman Way, known as Historic Old Town Canoga Park, bustling with unique shops and dining options. Westfield Topanga & The Village, a premier shopping destination just south of the neighborhood, features high-end retailers like Nordstrom, H&M, Sephora, and Neiman Marcus, along with a wide variety of dining experiences.

The Real Property and the Personal Property are being offered separately. The Buyer shall have the option, but not the obligation, to purchase the Personal Property under a separate bill of sale. The sale of the Real Property shall proceed independently and shall not be contingent upon the Buyer’s decision to purchase or not purchase the Personal Property.

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