20600 Ventura Boulevard | Los Angeles, CA 91364
340 Units | Built 2015 | 959 Avg SF
Berkadia Institutional Solutions is pleased to present The Boulevard, a 340-unit multi-family investment built in 2014. Located in the most highly sought-after neighborhood in Woodland Hills, The Boulevard is ideally situated south of the 101 Freeway between Ventura Boulevard’s burgeoning restaurant and bar scene and exclusive multi-million-dollar estates.
Average Unit Size
767 / 2.3:1
Ventura Boulevard Lifestyle
The Boulevard distinguishes itself from its competitors by its location along the famed Ventura Boulevard corridor that extends from Woodland Hills through Tarzana, Sherman Oaks, and down to Studio City. Residents have immediate access to multiple Whole Foods markets, Trader Joes, Target and some of the most coveted restaurants, bars and gastropubs in the San Fernando Valley.
Strong Property-Level Demographics
The Boulevard attracts an established high-earning demographic. The average household income at The Boulevard is $198,929 which equates to a rent-to-income ratio of 15%. Equally impressive are the median household incomes of $120,000 with a rent-to-income ratio of 25%.
Discount to Brand New Class “A” Warner Center Apartments
The Boulevard rents are priced at a discount compared to the new Class “A” Warner Center apartment communities. With new Class “A” rents in the submarket breaching $3.50 PSF, The Boulevard is strategically positioned to attract the same high-income renters but at a 20% discount compared to new product.
Timeless Product with Enhancement Opportunity
There are only a handful of properties in the submarket that have the “bones” to meet the demand and taste profile of today’s luxury renter. The Boulevard’s unique execution of common area programming makes it well-positioned to meet the needs of the next generation of these urban renters. And with some common area enhancements, The Boulevard has the opportunity to continue to meet the evolving demands of today’s luxury seeking renters.
The Downtown of The Valley
The San Fernando Valley has over 850,000 jobs and 70,000 businesses, which makes it southern California’s largest economy. With over 10 million sq. ft. of office space, Warner Center is home to the largest concentration of Class “A” office space in the entire San Fernando Valley.
3333 Michelson Drive, Suite 620
Irvine, CA 92612
20600 Ventura Boulevard | Woodland Hills, CA 91364
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