We are pleased to present for sale a 47 unit NON RENT CONTROL apartment complex known as Villa Nicola, which is located in a highly desirable and strong rental pocket of the San Fernando Valley known as Sherman Oaks.

The property offers its residents an enjoyable living enviroment with amenities such as: controlled access, on-site laundry facilities, 24 hour fitness room, parking, inviting lobby, courtyard setting, and beautiful curb appeal.

Villa Nicola offers an investor the opportunity to acquire a rare and rather unique asset with the potential opportunity to add fature value through unit upgrades as the property was last renovated in 2002 to the previous owners specs. This is an ideal trophy property for the astute long term or exchange buyer in a market with limited quality inventory available for sale.

Recent Capital improvements include: Stucco work, exterior painting, new signage, landscaping, lighting enhancements, and drainage work on the side and rear of the property.

The property is located on the corner of Moorpark and Kester within close proximity to employment, transportation, and nightlife.

The current loan on the property is with JP Morgan Chase and MUST be assumed by the selected buyer. The loan assumption is subect to th lender's terms, conditions, and requirements which may include a principal pay down. Buyer shall be responsible for all costs and fees associated with the loan assumption. Please call for more information.

All offers shall be submitted as LOIs and are to be accompanied by current proof of funds and list of real estate owned. Once a Buyer has been selected and the LOI has been mutually executed, the Seller shall draft and provide a purchase and sale agreement for the Buyer's review and execution.

Please do not disturb the property for any reason