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EXECUTIVE SUMMARYCBRE, Inc., as exclusive agent, is pleased to present an opportunity to acquire18 newly constructed townhome style apartment units in the desirable AgouraHills submarket. Located on Chesebro Road at Palo Comado Canyon Road,the units are designed to condominium standards with elegant finishes. Eachunit feels like a home with private two-car attached garages. The communityoffers such amenities as beautiful outdoor barbecue entertainment areas, ahot tub spa, and a dog run. The three-level townhome units are comprisedin eight duplex and triplex buildings. The property received its Certificate ofOccupancy in March 2018 and is currently in its lease-up phase.
Situated at the northern edge of the Santa Monica Mountains and the southernedge of the Simi Hills, the City of Agoura Hills is a quiet, family-orientedcommunity. Served by the highly regarded Las Virgenes Unified School District,Agoura Hills is among the most coveted areas to live in the United States andis listed as one of “SafeWise 50 Safest Cities.” The City is located just a shortdrive from the booming commercial areas and nightlife of Los Angeles, thethriving business districts and attractions of Warner Center, and the worldrenowned beaches and wineries of Malibu.
The Property is located in the Historic Quarter neighborhood of AgouraHills, a high barrier to entry submarket. Agoura Hills boasts outstandingdemographics, with an average household income of over $180,000, a highlyeducated populace and a vacancy rate of only 3.1%.
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