$3,115,000
$3,300,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
32 Beds
20 Baths
15,806 SqFt
SOLD DATE : 12/26/2023
Key Details
Sold Price $3,115,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,806 sqft
Price per Sqft $197
MLS Listing ID 23319953
Sold Date 12/26/23
Bedrooms 32
Construction Status Fixer
HOA Y/N No
Year Built 1958
Lot Size 0.491 Acres
Property Description
We are pleased to present a twenty (20) unit apartment building located at 14735 Blythe Street in Van Nuys (Panorama City), California. The subject property is located in a solid Van Nuys location, south of Roscoe Boulevard and west of Van Nuys Boulevard. Built in 1958, this property contains a great unit mix of eight (8) one-bedroom / one-bathroom units and twelve (12) two-bedroom / one-bathroom units. Three (3) units have subsidized rent through LA Family Housing (LAFH) and Brilliant Corners. The property is in an opportunity zone that goes street-to-street from Blythe to Strathern with gated access to ample on-site carport parking available from the entrance on Strathern. Tenants will appreciate being on the border of Panorama City, across the street from the Cardenas Youth Park and right down the street from The Plant Shopping Center with numerous well known anchor tenants. Several new developments are continuing to line the nearby commercial corridors on Roscoe Boulevard and Van Nuys Boulevard. One of these new developments include the 180-unit housing complex at 14545 Lanark Street which is now under construction. Situated in a solid Van Nuys location on the border of Panorama City, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential for a rare, mid-size asset in an opportunity zone for additional tax benefits.
Location
State CA
County Los Angeles
Area Pc - Panorama City
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Garage Carport, Detached Carport
Pool None
Community Features Gated
View Y/N Yes
View City Lights
Attached Garage No
Total Parking Spaces 20
Private Pool No
Building
Lot Description Lawn, Rectangular Lot
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 2210020021
Security Features Gated Community
Special Listing Condition Standard
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Bought with Jason Tuvia • Marcus & Millichap