33-Unit Multifamily Property in Los
For Sale
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21909 Lanark St, Los Angeles, CA 91304
33-unit apartment building near RAMS Village development and public transit.
Property Size30,091 SF
Price / SF$232.63
Days on Market150
Property Features for 21909 Lanark St
General Information
Standard status
Active
Size
30,091 SF
Property subtype
Multifamily
Zoning
LAR3
Net Operating Income
$375,362
Building Details
Year Built
1964
Buildings
1
Stories
2
Units
33
Listing Agency:
Colliers - Los Angeles - Woodland Hills, California
(818) 325-4142
Listed By:
Reza Ghobadi · License #01780045
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 12 at 11:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Los Angeles - Woodland Hills, California
Investment Insights
Based on property information with market context.
This 33-unit apartment building features 29 two-bedroom units, 2 three-bedroom units, and 2 one-bedroom units. It is located a short drive from the $10B RAMS Village development and is within walking distance of the Sherman Way/Canoga Orange Line Metro Station. The property is located in an Opportunity Zone and is designated as a Transit Oriented Communities (TOC) Tier 3. A new roof was installed in 2023 on both buildings, and a soft story retrofit was completed in 2019. The property has a video camera security system at the building and parking entrance, and security gates for the apartment units. On-site management is available. Laundry facilities include 2 washers and 2 dryers. The foundation of the apartment complex is raised. There are 33 total parking spaces, including 19 tuck-under spaces and 14 covered spaces. Each apartment unit has a wall unit HVAC. The water heater was replaced in January 2023. All electrical powered and only the water heater is gas powered. The Lanark Recreation Center is directly across the street. The property presents a portfolio acquisition opportunity, either individually or with six additional properties totaling 161 units within a one-mile radius.
Key Highlights
- Attractive existing assumable loan - contact agent for more information.
- Portfolio acquisition opportunity: Purchase individually or with six additional properties totaling 161 units.
- Located in an Opportunity Zone (OZ) with approximately 50% upside potential.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
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Business Placement
Demographics for 91304, CA
52,386
Population
18,875
Households
2.8
Avg Household Size
39
Median Age
34%
College-Educated
83%
High-School Grad
9.7 sq mi
ZIP Area
5,401
Density / Sq Mi
$82,289
Median Household Income
$41,270
Median Earnings
$1,927
Median Rent
$847,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 33-unit apartment building near RAMS Village development and public transit.
Where is this apartment building located?
The property is located at 21909 Lanark St Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Attractive existing assumable loan - contact agent for more information.; Portfolio acquisition opportunity: Purchase individually or with six additional properties totaling 161 units.; Located in an Opportunity Zone (OZ) with approximately 50% upside potential.
