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… Read More 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. Read Less
Property listed by Marcus & Millichap, Saadia 'Sam' Liberow 310-259-7556
Listing Snapshot
Days Online
17
Last Updated
Beds
14
3/4 Baths
14
Square Ft.
8,172
Lot Size
0.31 Acres
Year Built
1978
MLS Number
26857885
Additional Details
Building
Built in 1978, Living area: 8172.0, 2 buildings, 2 stories, Levels: Two
Cooling
CentralAir
Heating
None
Income
Gross Income: $344,977, Net Operating Income: $220,030
Lot
0.3117 acres
Parking
12 total parking spaces, Covered
Taxes
Parcel Number: 2055007060, Zoning: AHR335U*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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