20234 Roscoe Blvd Winnetka, CA 91306

This is a 25-unit fee simple multifamily asset located in Winnetka. Constructed in 1964, the property was placed in service in 1997 under the 9% LIHTC program. It is governed by a 30-year regulatory agreement that is set to expire in July 2027, after which all income and rent restrictions are eligible to sunset. The property is subject to the Los Angeles Rent Stabilization Ordinance (RSO). The unit mix includes 4 one-bedroom units, 13 two-bedroom units, 7 three-bedroom units, and 1 four-bedroom unit. As of July 2025, 42% of the units are leased to Section 8 voucher holders. The asset features 29 gated parking spaces and an on-site laundry facility equipped with five washers and four dryers. AT&T fiber infrastructure is available. The ground-floor includes a leasing office and rec room, presenting potential for ADU conversion after the regulatory agreement expires. Significant upgrades have been completed, including 10 renovated units, a certified seismic retrofit in 2023, and a full water repipe in 1999. The property is offered with an assumable $2.62M Fannie Mae loan at a 2.98% fixed interest rate, with interest-only payments through 2030. The property is strategically located near Pierce College, the Metro G Line, and major corridors including Reseda and Topanga Boulevards. Its proximity to Warner Center, CSUN, and various employment centers supports long-term tenant demand.