For more information on this property, contact Nancy Sanborn at 310-777-2858 or [email protected]

3200 FOOTHILL Drive
Westlake Village, California CA 91361
Price: $8,200,000
Listing ID 19494646
Status Active
SqFt 17,878
Acres 1.640
Year Built 1992

Property Description:

We are pleased to announce the sale of The Verona, an exceedingly rare opportunity to enter the multifamily market in affluent Westlake Village, where only two apartment properties have sold in the past 20 years. The non-rent controlled property was constructed in 1992 with many condominium-quality features, including private two-car garages with direct unit access, in-unit full-sized washers and dryers, central air and heat, private patios, and cathedral ceilings. The spacious units are architecturally distinct, with most of the apartments offering loft or townhouse-style layouts within their expansive floorplans.While all units feature wood laminate flooring, high ceilings, recessed lighting, corian or granite countertops, and upgraded bathrooms, select units push even further into the realm of luxury with amenities such as built-in wine coolers, Nest thermostats, and fireplaces.

Primary Features

County: Ventura
IDX City Name: Westlake Village
IDX County Name: Ventura
photo Count: 16
Property Type: Rental Income
Year Built: 1992
Zoning: MULTI

Financial Details

Assessed Improvement Value: 3158469
Assessed Land Value: 785410
Cap Rate: 4.31
Expense Total Annual: 157498
Gross Operating Income: 526446
Gross Rent Multiplier: 15.58
Net Operating Income: 353036
Original List Price: 8700000
Special Conditions: Standard Sale
Unit Monthly Rent01: 2765
Unit Monthly Rent02: 2900
Unit Monthly Rent03: 2550
Unit Monthly Rent04: 2682
Unit Monthly Rent05: 2645
Unit Monthly Rent06: 3007
Unit Projected Total Monthly Rent01: 9735
Unit Projected Total Monthly Rent02: 3295
Unit Projected Total Monthly Rent03: 3095
Unit Projected Total Monthly Rent04: 12780
Unit Projected Total Monthly Rent05: 16475
Unit Projected Total Monthly Rent06: 6890
Unit Total Monthly Rent01: 8295
Unit Total Monthly Rent02: 2900
Unit Total Monthly Rent03: 2550
Unit Total Monthly Rent04: 10730
Unit Total Monthly Rent05: 13225
Unit Total Monthly Rent06: 6015


Adjusted Gross Income: 510709
Legal Disclosures: No Property Assessments
List Agent License Number: 01357019
ListingStatus: Active
Number Of Buildings: 3
Square Footage Source: Public Records
Units Total In Complex: 16

Location Information

Area: Thousand Oaks East (TOE)

Interior Features

Appliances: Dryer, Washer
Cooling Type: Central A/C
Heating Type: Central Furnace
Total Floors: 2
Unit Furnished01: Unfurnished
Unit Furnished02: Unfurnished
Unit Furnished03: Unfurnished
Unit Furnished04: Unfurnished
Unit Furnished05: Unfurnished
Unit Furnished06: Unfurnished
Unit Furnished07: Partially
Unit Furnished08: Partially
Unit Furnished09: Partially
Unit Furnished10: Partially
Unit Furnished11: Partially
Unit Furnished12: Partially
Unit Furnished13: Partially
Unit Number Of Bath01: 2.5
Unit Number Of Bath02: 2.5
Unit Number Of Bath03: 1.75
Unit Number Of Bath04: 2
Unit Number Of Bath05: 2
Unit Number Of Bath06: 3
Unit Number Of Bed01: 1
Unit Number Of Bed02: 1
Unit Number Of Bed03: 2
Unit Number Of Bed04: 2
Unit Number Of Bed05: 2
Unit Number Of Bed06: 3

External Features

Lot Size Source: Public Records
Lot Size SqFt: 71438
Parking Spaces Total: 39
Parking Type: Garage - Two Door
Pool: no

Zoning Info

Listing courtesy of Roderick 'Rick' Raymundo (01357019) from Marcus & Millichap.
Based on information from CARETS as of Sunday, January 19th, 2020 05:01:18 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Nancy Sanborn

131 S. Rodeo Dr. Suite 100
Beverly Hills, CA 90212
Phone: 310-777-2858

Data services provided by IDX Broker