Investment Highlights
- CORE PLUS OPPORUTNITY - Investors can add value via strategic renovations focused on modern lighting & plumbing fixtures, new cabinet faces & hardware, backsplashes, & vinyl plank flooring throughout
- A UNIQUE ASSET - Opportunity to acquire a high-quality asset, built 2009, at a significant discount to replacement cost.
- STRONG SUBMARKET FUNDAMENTALS - Average market rents in the submarket are projected to grow 3.15% over the next 12 months. Average occupancy in Chatsworth is currently over 95%.
- ACCESSIBILITY TO EMPLOYMENT - The property is ~2 miles from the 118 freeway which puts all major employment centers across the San Fernando Valley, and 1.2 million total jobs, within a 20-30 minute commute. Warner Center (5 miles to the south) is one of the largest employment centers in the San Fernando Valley with more than 70,000 total jobs.
- AN AFFLUENT SUBMARKET OF THE SAN FERNANDO VALLEY - The average household income in Chatsworth is $143K and is projected to grow 12% over the next 5 years. 53% of the population are college educated, 56% earn more than $100K annually, & 33% are renters. The single family homes in the neighborhood adjacent to Sofi are valued between $1M and $2M.
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