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$ 3,698,000
Est. payment | /mo
8,208 SqFt
$ 3,698,000
Est. payment | /mo
8,208 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,208 sqft
Price per Sqft $450
MLS Listing ID CL26857885
HOA Y/N No
Year Built 1978
Lot Size 0.312 Acres
Acres 0.3117
Property Sub-Type Other
Property Description
This exceptional multifamily asset represents a rare opportunity to acquire a true pride-of-ownership property in Agoura Hills, a notoriously low-velocity, high-barrier-to-entry market where inventory of this caliber is seldom available. Savvy buyers will appreciate that the seller has heavily front-loaded the most burdensome capital expenditures, significantly minimizing future maintenance reserves and protecting your cash flow from day one. With a 50-year roof, an overhauled main driveway, dual-pane windows, and a newly replaced sewer line to the back building, the heavy lifting has already been done. The financial upside is further solidified by the recent addition of brand-new, value-packed Accessory Dwelling Units (ADUs). With an ADU already leased, the property delivers an immediate proof of concept, effortlessly validating its ability to command top-tier market rents. Additionally, the existing units offer a premium tenant experience, having undergone extensive modern renovations between 2021 and 2022. Finished with high-end quartzite and granite countertops, stainless-steel appliances, luxury waterproof laminate flooring, and custom-tiled bathrooms, these units easily attract and retain premium renters. Beyond the cosmetics, the property's mechanical efficiency has been fully modernized with dedicated tankless water heaters and updated split-system heating and air. Tenants enjoy highly sought-after amenities like in-unit laundry or dedicated laundry closets in most spaces, alongside a communal laundry room. Positioned in a premier neighborhood celebrated for its top-tier school district and affluent demographics, this stabilized asset offers a historically low vacancy rate and unmatched macroeconomic resilience. For the investor seeking a passive, hands-off asset with proven high yields in an elite location, this property checks every single box.
Location
State CA
County Los Angeles
Zoning AHR335U*
Interior
Heating None
Cooling Central Air
Fireplace No
Building
New Construction No
Others
Tax ID 2055007060
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Listed by Saadia 'Sam' Liberow • Marcus & Millichap
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