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Summerset Village

Chatsworth, CA

280 Units

Built in 1986

Value Add

Investment Highlights

  • RARE OFFERING.  One of only ten, 200-unit or greater multifamily properties built since 1980 located within the northwest SFV. There have only been 8 transaction of such an asset in the last 45 years.
  • MAJOR VALUE-ADD .  Originally built in 1986, the Property has been well-maintained by an institutional owner for more than 25 years and offers more than 20%+ upside in rental income via renovations.
  • IRREPLACEABLE LOCATION. Perched atop the tiered foothills of the Santa Susana Mountains amongst $2.5M-$5.0M single family estates. Panoramic picturesque views in a low-density living environment.
  • UNIQUE INTERIOR FEATURES. Unique interior features of the property include full sized, side-by-side washers & dryers in all units, and select units with vaulted ceilings, direct access garages, oversized walk-in closets, wrap around patios, dual patios, fireplaces, and two-story townhomes floorplans.
  • LITTLE THREAT OF FUTURE COMPETITION. There are zero 50+ unit projects in development in Chatsworth and only four (totaling 920 units) in neighboring Granada Hills & Northridge combined that are scheduled to be delivered over the next four years. This amounts to a supply growth rate of only 1.3% annually in a region that already has roughly 17,000 apartment units.

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