Katherine Lynn Bergh

Topanga Villa is a well located 15 unit garden-style building with a central courtyard. The building has a great unit mix featuring a majority of two bedroom/two bath units. Units are very large and average over 970 SF. The building is consistently 100% occupied. This building has tremendous rental upside. Existing rents are 55% below market. Great opportunit for an investor looking for a well located, value-add property that is in a high rental area in the west valley ( bordering West Hills and Chatsworth). First time on the market in 29 years. The list price is below replacement cost at only $226.44 per SF and $215,000 per unit. Lowest priced apartment complex in the area. Rents have not been raised in four years. Opportunity to raise rents projecteded at 7.8% February 2024 which will be a 5% cap rate in a few months.!!

Unimproved residential land well suited to divide into a luxury residential subdivision of 10+ view luxury homes. The offering consists of 10 mostly contiguous parcels for a total of 27.14 acres of which three parcels are located in Glendale and 7 parcels are located in Los Angeles. Beautiful 360 degree views of city lights, mountains and canyons. Located directly at the northeast section of where the 2 and the 134 intersect. The lot sizes are irregular in shape and there is a fire road which runs across the hilltop. Prime Los Angeles County in-fill location. Permitted uses in the A1 and ROS zone include single family dwellings, parks, playgrounds, community centers, golf courses, home occupations, greenhouses, farming, nurseries, raising of livestock, equine facilities and trails.Glendale and the surrounding communities are primarily built out. Located in an urban in-fill pocket area, bounded and influenced on the North by the City of Glendale and on the South by Eagle Rock. Pasadena is directly to the east. There is easy and close access to both the Glendale. Ventura and Pasadena Freeways. The site has unsurpassed mountain, canyon and city light views all located within a dense thriving popular area of Los Angeles.

Katherine Lynn Bergh

About Katherine Lynn Bergh

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Recent property sales & transaction history

2 properties

Canoga Park

Apartment

$3,250,000

14,200 ft²

Properties for sale by listing agent Katherine Lynn Bergh

$3,225,000

$1,750,000

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Katherine Lynn Bergh

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