The boulevard

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. ​

Property Summary

Units

340

Built

2015

Building

Mid-Rise Wood-Frame

Average Unit Size

959 SF

Retail Space

5,969 SF

Acreage

8.28

Density

41.1 DU/AC

Total Parking/Ratio

767 / 2.3:1

highlights

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.

  • Blue Bottle Coffee, GASOLINA café, Mon Ramen, Whole Foods, Trader Joes, Target, Woodland Hills Country Club
  • Multi-million-dollar homes

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%. ​

  • The average age of the resident: ​ 39
  • 64% earn greater than $100K

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.

The Location

AmenitIES

UNIT FEATURES

  • Hardwood-style flooring throughout kitchen, living and dining areas
  • 9-foot ceilings
  • Spacious, open kitchens with granite countertops, espresso hardwood cabinets and stainless steel appliances
  • Kitchen Islands*
  • Oversized double pane windows
  • Pantries and linen closets
  • In-home washers/dryers
  • Central air conditioning and heating with programmable thermostat
  • Private patios or balconies
  • Stunning city and valley views

    *select apartments

Community Features

  • Resort-style salt water pool with sun deck, private cabanas, spa, and lounge seating
  • Clubhouse with demonstration kitchen, fireside lounge and dining room
  • Media Lounge fully equipped with workstations and printing services
  • Conference room with teleconference capabilities
  • Health club-quality fitness center with yoga studio, cardio/strength training equipment and free weights
  • Spa facilities with lockers and Infrared sauna
  • Dog park with water fountain
  • Sports bar with TVs, seating and BBQ terrace overlooking the pool
  • Outdoor fireplace with BBQ area
  • Beautiful courtyards with seating and BBQ areas
  • Parcel lockers with 24-hour access

Photo Gallery

Contact Us

Email Us

BERKADIA INSTITUTIONAL SOLUTIONS

3333 Michelson Drive, Suite 620
Irvine, CA 92612
949.242.4050

Berkadia Team

Investment Advisors

TOM MORAN

Senior Managing Director
714.269.8380
tom.moran@berkadia.com

rachel parsons

Managing Director
858.945.0992
rachel.parsons@berkadia.com

DERREK OSTRZYZEK

Senior Director
310.924.9348
derrek.ostrzyzek@berkadia.com

mike murphy

Senior Director
714.318.3978
mike.murphy@berkadia.com

the boulevard

20600 Ventura Boulevard | ​ Woodland Hills, CA 91364

© 2021 Berkadia Proprietary Holding LLC

Berkadia® is a trademark of Berkadia Proprietary Holding LLC

Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. This website is not intended to solicit commercial mortgage loan brokerage business in Nevada.

In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. ​ For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing