Western Regional Office

Warner Villa Apartments
Woodland Hills, California

“The Warner Villa Apartments is a 1971 vintage 324 unit, Class B, garden style, multifamily property in Woodland Hills, California. The property has a strong, in-fill location in a densely populated, amenity rich, environment in the Warner Center area of North Los Angeles. The Los Angeles market is very tight and we expect that it will remain so permitting the borrower to push rents to market through a more assertive leasing plan.”
— Kirk Kniss, Senior Director

  • The property is very well located with excellent access to highways, mass transit and proximity to employment hubs and retail amenities
  • The borrower intends to pursue an extensive capital improvement project which includes upgrades to the apartment units at the project, as well as plans to renovate/remodel the amenity building, including leasing/management office, club house and gym
  • Fundamentals are strong with tight vacancy and little new construction in the immediate submarket

Source: REI Western Regional Office, May 2018.