Description
Northmarq is pleased to offer for purchase 5505 Zelzah. The community is located in the highly sought-after Encino submarket of theSan Fernando Valley. 5505 Zelzah has been expertly renovated and maintained by current ownership. The community consists of 29apartment homes (27 existing units + 2 ADUs currently under construction with certificate of occupancy expected by the end of March 2022).In January 2020, the state of California approved a law to expedite the process for owners of multifamily properties and single family homesto add additional units to their properties. Property owners can now quickly and legally convert existing non conforming spaces such asrecreation rooms, storage rooms, fitness centers, and others to legal conforming units. At 5505 Zelzah, there are currently two spaces on theproperty that have been identified as spaces meeting the criteria for approved additional units. Current ownership has completed theapproval process and permits are ready to be issued.Built in 1979, the property offers a strong unit mix of large floor plans consisting of (2) one-bed/one bath units, (15) one-bed/one bath unitswith den (1) two-bed/one bath unit, and (9) two-bed/two bath units. Renovated units offer stylish finishes, hardwood styled floors, granite orquartz counters, and stainless steel or black appliances. The additional conversion units will be a Single and a One Bedroom/One Bathroom.Resident amenities include a pool, on-site laundry, courtyard, covered parking, storage areas and controlled access entry door and gates.Located minutes drive from the 101 freeway and Ventura Boulevard, residents have quick access to the San Fernando Valley's premiercommercial corridor and nearby employment centers. 5505 Zelzah residents, are walking distance to the numerous shopping, dining,entertainment and major employment centers of Encino and Tarzana and over 7,500,000 square feet of office space and 2,300,000 square feetof retail dominate Ventura Boulevard.Encino is a major business district for the healthcare and financial sectors, and is home to approximately 3,800 business employing over27,000 people. Other nearby employment hubs include Warner Center, Universal City, North Hollywood, Burbank, and Hollywood.
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0BEDS
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0.49ACRES
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01/2 BATHS
School Ratings & Info
Description
Northmarq is pleased to offer for purchase 5505 Zelzah. The community is located in the highly sought-after Encino submarket of theSan Fernando Valley. 5505 Zelzah has been expertly renovated and maintained by current ownership. The community consists of 29apartment homes (27 existing units + 2 ADUs currently under construction with certificate of occupancy expected by the end of March 2022).In January 2020, the state of California approved a law to expedite the process for owners of multifamily properties and single family homesto add additional units to their properties. Property owners can now quickly and legally convert existing non conforming spaces such asrecreation rooms, storage rooms, fitness centers, and others to legal conforming units. At 5505 Zelzah, there are currently two spaces on theproperty that have been identified as spaces meeting the criteria for approved additional units. Current ownership has completed theapproval process and permits are ready to be issued.Built in 1979, the property offers a strong unit mix of large floor plans consisting of (2) one-bed/one bath units, (15) one-bed/one bath unitswith den (1) two-bed/one bath unit, and (9) two-bed/two bath units. Renovated units offer stylish finishes, hardwood styled floors, granite orquartz counters, and stainless steel or black appliances. The additional conversion units will be a Single and a One Bedroom/One Bathroom.Resident amenities include a pool, on-site laundry, courtyard, covered parking, storage areas and controlled access entry door and gates.Located minutes drive from the 101 freeway and Ventura Boulevard, residents have quick access to the San Fernando Valley's premiercommercial corridor and nearby employment centers. 5505 Zelzah residents, are walking distance to the numerous shopping, dining,entertainment and major employment centers of Encino and Tarzana and over 7,500,000 square feet of office space and 2,300,000 square feetof retail dominate Ventura Boulevard.Encino is a major business district for the healthcare and financial sectors, and is home to approximately 3,800 business employing over27,000 people. Other nearby employment hubs include Warner Center, Universal City, North Hollywood, Burbank, and Hollywood.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T08:25:56.823. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.