18404 Collins St, Tarzana, CA 91356
18404 Collins St, Tarzana, CA 91356
18404 Collins St, Tarzana, CA 91356
18404 Collins St, Tarzana, CA 91356
18404 Collins St, Tarzana, CA 91356
18404 Collins St, Tarzana, CA 91356
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Shantrece's Assistant

Shantrece's Assistant

+1(904) 846-3855
$ 8,200,000
Est. payment | /mo

12 Beds

43 Baths

25,900 SqFt

Save
$ 8,200,000
Est. payment | /mo
Save

12 Beds

43 Baths

25,900 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 25,900 sqft

Price per Sqft $316

MLS Listing ID 26107515

Bedrooms 12

Year Built 1977

Lot Size 1.001 Acres

Acres 1.0012

Property Sub-Type Multi-Family

Property Description

Rare opportunity to acquire Collins Garden Apartments, a 43-unit multifamily community on an expansive 43,604 SF (one-acre) LAR3 lot in the heart of Tarzana. Built in 1977, the property spans approximately 25,900 SF and features a quiet courtyard setting with a sparkling pool and sundeck, controlled access, on-site laundry, and ample surface parking, with a unit mix of 32 studios, 9 one-bedrooms, and 2 two-bedrooms many with private balconies. The offering presents two distinct paths to value: current rents average $1,511/unit against $1,800/unit at market approximately $12,444/month in loss-to-lease growing NOI from $451,140 to $595,991 and the cap rate from 5.50% to 7.27% plus the opportunity to develop the rear parking area into 8 two-bedroom/two-bath ADUs at an estimated $2,850/month each, a combined 35.1% upside potential in gross income (buyer to verify). At $190,698 per unit below the recent San Fernando Valley comp set average the property offers scale at an attainable basis in a submarket with a $107,378 median household income and $1.3M median home price. The location delivers everyday convenience: an 11-minute walk to the Metro G Line, 15 minutes on foot to the Ventura Boulevard corridor's dining and shopping, a 9-minute drive to Warner Center, and immediate 101 Freeway access. An outstanding opportunity for value-add investors seeking a stabilized, income-producing asset with multiple levers for growth in one of the San Fernando Valley's most established neighborhoods.

Location

State CA

County Los Angeles

Area Tarzana

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning

Equipment None

Exterior

Parking Features Parking for Guests - Onsite, Driveway, Oversized

Garage Spaces 90.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by REMAX COMMERCIAL & INVESTMENT REALTY

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18404 Collins St