Executive Summary

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• A 6,349 square foot six-unit apartment building located at 7225 Bakman Ave Sun Valley, CA 91352 with a solid cash flow in-place and a CAP rate of 4.39% on current income
• This is an ideal value add investment opportunity with current rents below market and current loss-to-lease of 32% and a Pro Forma CAP rate of 7.39%; at the asking price, the property is being offered at a low $217 PSF
• Three of the six units will be delivered vacant allowing the new ownership to immediately capture market rents
• The building sits on a fully gated 6,398 sf lot that  features 10 covered parking spaces (5 in the front and 5 in the rear)
• The subject property has a desirable unit mix made up of four 3-bedrooms, one 1-bedroom, and one 2-bedroom. Thoughtful unit layouts maximize natural light and above average living square footage throughout
• The building is separately metered for gas and electricity allowing an investor easy management of the property
• All units come with air conditioning
• Located in the Sun Valley neighborhood of the San Fernando Valley, between the 5 FWY, 170 FWY and 134 FWY with many nearby parks
• Located one block from Sun Valley Magnet School and only a short walking distance to Costco, The Home Depot, and Fedex

Area Overview

Sun Valley

An automotive and aerospace time capsule – Sun Valley came of age with the automobile and aviation boom, and there are remnants aplenty of the heyday of car culture and aviation race, including the Pink Motel, Cadillac Jack’s and Hollywood Burbank Airport (formerly known as Lockheed Air Terminal). Sun Valley was the center of the aerospace giant’s Southern California manufacturing operations during the WWII, where iconic planes such as the P-38 were built and tested. Defense workers were drawn to the area to work in the plant, and developers sprang into action to build homes for them and their families. 

Located in the San Fernando Valley region, Sun Valley is a neighborhood known for its overall youthful population and diversity. Flanked by three recreation centers, parks, good eats and great schools, Sun Valley is quickly becoming an area where many families want to be. The neighborhood has thirteen public schools—including John H. Francis Polytechnic High School, Burbank High School, Providencia Elementary School — and four private schools. 

Sun Valley residents can hike in the Verdugo Mountains, go horseback riding in Shadow Hills or take time to sniff the blossoms at the Payne Foundation for wild flowers. The community is served by the 5 Freeway, 134 freeway, 170 freeway and the Sun Valley Metrolink Station, covering ease of access to many LA attractions like Dodger Stadium, Griffith Observatory, and the Hollywood Bowl to name a few. 

THE NEIGHBORING CITY OF BURBANK 

Burbank is made up of four distinct neighborhoods, each with their own personality, style, and offerings. Downtown Burbank is a bustling street scene with great restaurants and nightlife. The Media District is home to huge Hollywood studios including The Walt Disney Company and Warner Bros. Studios. Magnolia Park has a retro vibe with vintage shops and boutiques that line the streets. The Airport District is home to the Hollywood Burbank Airport and great shopping. 

Downtown Burbank is completely walkable. Along San Fernando Blvd, you’ll find great restaurants with outdoor patios and exciting nightlife including pubs and wine tasting rooms. Shop local boutiques and big names at The Burbank Town Center or North America’s largest IKEA. 

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