NEW PRICE We are pleased to present the opportunity to acquire a 27-unit value-add multifamily, located in Panorama City. Built in 1964, the subject proporty is located at one of the most desirable rental market in San Fernando Valley, and it offers an excellent unit mix with the majority of the 2-bedroom units. Selected units are renovated. The ownership has completed the seismic retrofitting. The roof was replaced in 2024.
Property Features
Bedrooms
Appliances
- Laundry Features: Common Area
Bathrooms
Land Info
- Lot Description: Lot 20000-39999 Sqft
- Lot Size Acres: 0.5326905
- Lot Size Source: Assessor
- Lot Size Square Feet: 23204
Garage and Parking
- Parking Features: Parking YN: Yes, Parking Features: Assigned
Multi-Unit Info
- Number of Units: 27
- Bedrooms in Unit-2: 1
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 3
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 2
- Total Bathrooms in Unit-4: 1
Rental Info
- Vacancy Allowance: 16069
- Rent Control: Yes
Amenities and Community Features
- Community Features: Valley
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 5.61
- Source Property Type: Residential Income
- Area: PC - Panorama City
- Source Neighborhood: PC - Panorama City
- Number of Separate Electric Meters: 28
- Number of Separate Gas Meters: 28
- Number of Separate Water Meters: 1
- Parcel Number: 2653003005
- Zoning: LAR3
- Source System Name: C2C
Commercial Info
- Net Operating Income: 325598.00
Building and Construction
- Total Square Feet Living: 19742
- Year Built: 1964
- Building Features: 1
- Common Walls: 2+ Common Walls
- Entry Level: 1
- Entry Location: Gate
- Property Age: 61
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
- Structure Type: Commercial/Residential
- Year Built Source: Assessor
Utilities
- Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
- Water Source: Public
