Offering

Offering Overview

A 68 unit apartment community completed in 2022 at 13724 Victory Blvd in Valley Glen. Four residential floors rise over a gated podium garage, elevator served, with 66,796 gross square feet on a 24,749 square foot lot, crowned by a penthouse level.

1. 01

   2022 podium construction. 68 residences over a gated podium garage, elevator served, with no deferred maintenance and no seismic retrofit exposure.

2. 02

   Full amenity package. A landscaped rooftop deck, resident lounge, fitness center, co-working office, package lockers and EV charging, with an in unit washer and dryer in every residence.

3. 03

   Modern building systems. A 51.01 kW rooftop photovoltaic array, a machine room less elevator under an Otis contract, full fire sprinklers and 2,000 amp service.

4. 04

   Turnkey professional operation. Third party managed with full on site staffing, which an incoming buyer can assume or re-tender from day one.

5. 05

   No rent ceiling on 64 of 68 residences. The Property sits outside the Los Angeles Rent Stabilization Ordinance, and its February 2022 Certificate of Occupancy carries the AB 1482 exemption through February 2037.

6. 06

   Opportunity Zone location. The Property sits within federally designated Census tract 06037128220.

7. 07

   Reassessment is effectively neutral. The assessed value on the current county roll is $22,906,194, within 0.03% of the offering.

8. 08

   Utility recovery already implemented. A RUBS program returns $50,880 per year, alongside parking, pet and resident fee income.