Class A Multifamily

WOODLAND HILLS, CALIFORNIA

Assessed Value $64,320,050
Final Value $58,750,000
Tax Savings $68,190

 

The property is a 224-unit multifamily residence located in Woodland Hills, California. The center offers a full array of amenities including a fitness center, business center, pool, etc. The center was completed in 2009 which established a Prop 13 base year value prior to the subsequent significant decline of property values in California. The assessment reduction reflects a one year, temporary Prop 8 reduction to recognize the lower market value of the subject versus the base year trended value for the lien date.