6628 SYLMAR AVE APARTMENTS 9 UNITS VAN NUYS, 91405 OFFERING MEMORANDUM CELEBRATING 35 YEARS OFFICE 610 E. Glenoaks Blvd Glendale CA 91207 Tel: 818.500.0303 Fax: 818.500.1215 www.glenwest.com NICHOLAS HACOPIAN broker president Lic. # 01093883
[email protected] (818) 500.0303 ext. 329 PROPERTY MANAGEMENT DIVISION
[email protected] REAL ESTATE DIVISION:
[email protected] INVESTMENT REAL ESTATE ASSOCIATES David Leibowitz (818) 574-5132
[email protected] Lic. # 01912487 PROPERTY OVERVIEW PROPERTY TYPE Multifamily Apartments YEAR BUILT 1991 BUILDING SIZE 6,698 SF LOT SIZE 10,744 SF UNITS 9 PARKING SPACES 12 APN 2237-003-044 | 3 VAN NUYS, CA RESIDENTS WITH CURRENT POPULATION AVERAGE HOUSEHOLD INCOME TOTAL HOUSEHOLDS WHITE COLLAR JOBS 57,311 $63,326 16,693 44% PROJECTED BY 2024 PROJECTED BY 2024 BLUE COLLAR JOBS PROJECTED BY 2024 58,923 $76,152 29% 18,139 4 | SYLMAR6628 AVE APARTMENTS VAN NUYS ELEMENTARY SCHOOL VAN NUYS HIGH SCHOOL ORANGE LINE STATION LOS ANGELES VALLEY COLLEGE SHERMAN OAKS GALLERIA 5 | NEIGHBORHOOD UPSIDE IN RENT BUILT IN 1991 FAVORABLE UNIT MIX OUTDOOR PATIO/BALCONY New owner can realize up to Desirable unit mix of Select units have large 30% upside in rents 1+1’s and 2+2’s balcony and/or patio PROPERTY HIGHLIGHTS SYLMAR AVE. APARTMENTS is a 9-unit apartment complex located just East of the 405, just South of Vanowen St. in Van Nuys, California. The closest highly traffic intersection is Victory Blvd. and Van Nuys. SYLMAR AVE. APARTMENTS were built in 1991 and consists of a 6,698-square foot, 2-story, wood-framed stucco building.