The Betty Paul 8500 Sunland Blvd 28 Unité Immeuble d’appartements 6 508 038 $ CAD (232 430 $ CAD/Unité) 6,32% Taux de capitalisation Sun Valley, CA 91352

Kidder Mathews is pleased to present the opportunity to acquire The Betty Paul, located at 8500 Sunland Blvd, a controlling majority interest in a well-positioned cooperative asset in the highly desirable Sun Valley submarket of the San Fernando Valley. The offering consists of 28 co-op units out of 34 total units, representing 82.35% ownership, providing substantial operational control and influence within the HOA structure. This majority position allows an investor to meaningfully direct asset strategy, renovation execution, and long-term positioning.
Constructed in 1957, The Betty Paul is a courtyard-style property featuring spacious one-bedroom units, assigned gated parking, and on-site laundry facilities. The building has been maintained over time; however, many units have experienced only limited cosmetic updates, presenting a clear path to enhanced value creation.
The asset offers an excellent value-add opportunity with significant upside potential through a structured interior renovation program designed to modernize finishes and capture incremental rental premiums. The property is currently achieving strong in-place rental performance, including competitive Section 8 rental rates, though not all tenants participate in housing assistance programs. This dynamic provides stable cash flow today while preserving flexibility to reposition units toward market-rate leasing over time.
Sun Valley continues to benefit from durable rental demand driven by proximity to Burbank, North Hollywood, and major employment centers including Warner Bros. and The Walt Disney Company. Immediate access to Interstate 5 and the 170 freeway enhances regional connectivity, while relative affordability compared to adjacent submarkets supports sustained occupancy and long-term rent growth.
The Betty Paul combines majority control, income stability, and measurable upside, with optionality to operate as rental housing or pursue a future strategy of individual co-op unit sales.