13833 OXNARD ST Valley Glen, CA 91401

The Valley Glen Oasis is an extremely well-improved, 2-story, 24-unit building in the Valley Glen submarket of Los Angeles. Built in 1961, the building possesses an exceptional unit mix of 10 (3+2), 11 (2+2), 1 (2+1) and 2 (1+1) units. The building recently underwent a $1.7 million renovation to include a new state-of-the-art automated parking lift system which includes 20 car lifts (for a total of 44 parking spaces) and is housed by a brand new carport. Other renovations include security system with cameras and gate, new roof, new copper plumbing, energy efficient windows, tasteful landscaping, and new stonework. The building is eligible for future condominium conversion. This extremely well-maintained/improved asset is a great opportunity for an investor looking to purchase an asset with strong in place cash flow in an up-and-coming rental market with considerable rental upside potential.