Properties | Madison at Town Center

Madison at Town Center

130 Unit Luxury Apartment Community

24555 Town Center Dr | Valencia, CA

Sales Price: N/A

Units: 130

Price per Unit: N/A

Price per Sq. Ft.: N/A

Current CAP: N/A

Current GRM: N/A

Market CAP: N/A

Market GRM: N/A

Year Built: 2003

Lot Size Sq. Ft.: 87,555

Net Rentable Sq. Ft.: 143,959

Close of Escrow: 12/20/2017

The Harris Group, as the exclusive listing agent, is pleased to present the opportunity to acquire The Madison at Town Center, a 130-unit luxury multifamily community located in Valencia, CA in Los Angeles County.  Constructed in 2003, The Madison at Town Center represents an opportunity to acquire an institutional quality class “A” asset with a strategic value-add opportunity that can be focused on revenue generating improvements. 

Located in a vibrant in fill location within the dynamic community of Valencia, The Madison at Town Center benefits from its premier location a short walk from exceptional dining, shopping & entertainment and next to the Westfield Valencia Town Center which includes Apple, Williams Sonoma, Macy’s among others. The community boasts excellent submarket fundamentals including strong population growth (54.9% increase over the last 16 years), low vacancy (1.7% in 2016), strong projected income growth (median household income is projected to increase by 13% to $106,321 by 2021) and a well-educated workforce (42% of the population holds a college degree). The community’s business friendly environment and its proximity to major employment will continue to attract growth and economic prosperity in the coming years.

The Madison at Town Center’s residents benefit from close proximity to the 5 freeway that enables swift access to local employers as well as regional employment hubs. Given the strong submarket fundamentals, The Madison at Town Center represents a rare opportunity to complete a strategic renovation in a market where there is demand for luxury apartment homes, a significant affordability gap to home ownership and scarcity of new supply.

  • A Sizeable Asset (130 Unit) Class “A” Multifamily Housing Community in the Valencia Submarket
  • Features a Resort-Style Community Amenity Package Including a Clubhouse, Large Swimming Pool and Spa, a Barbecue Area, Movie Theatre Room, WiFi Cafe, Business Center and A Fitness Center with Cardio and Free Weights
  • Spacious Floor Plans Boasting 1,107 Square Feet on Average and 9-Foot Ceiling Heights
  • Rare Pedestrian Oriented Suburban Location Next to Westfield Valencia Town Center Shopping Center
  • Presents a Unique Opportunity to Renovate the Units to High-End Luxury Specifications Including Vinyl Plank Flooring, Stainless Steel Appliances, Hard Surface Countertops and Accent Walls
  • Ability to Capitalize on the Strong Demographics and Demand for Luxury Rental Housing Through a Renovation Program