CHIMINEAS
TARZANA, CA
Cape Cod Home | 1 story | 1646 sf
This single-family residence includes a modern Cape Cod home that went under a value add renovation in 2018. The home was completely gutted to the framing and redone to create an open floor plan. As you enter this gorgeous home an open floor plan welcomes you to a gorgeous kitchen and a huge living/dining room. The house has 3 bedrooms 2 baths and a spacious backyard with room for a pool. The all-white interior marble bathroom invites a warm and pleasant atmosphere. The grand kitchen layout and the engineered wood floors, the general contractor, National Construction , has brought a nice blend of modern and old. The indoor fireplace was engraved in tile art creating an authentic look of Cape Cod homie feeling. Thanks to our in-house interior design team, MLH Design, the home was rented within a week on the market.
The home is located on the border of Tarzana and Encino and serves an extra ordinate location just south of Ventura Blvd. Grocery stores and restaurants such as Ralph’s and Chick Fillet are within a 2-mile radius of the home. With strong demand for the single-family rental market, Innovest Group took advantage and leased this property 25% above the rental market. The duration of the remodeling construction of Chimineas took around an 8-month turnaround. This was done by efficient construction management, strong planning from the development phase, and great execution from our project team.
Transaction Details
Size: 1,646 sq ft.
Acquisition Date: February 2016
Investment Type : Single Family
Project Type: Value Add