Panorama City CA Multi Family for Sale
- Type:
- Cluster
- Sq.Ft.:
- 4,644
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.2 Acres
- Year built:
- 1951
- Baths:
- 6.00
- MLS#:
- 24470653
ADDITIONAL INFORMATION
Located just east of Van Nuys Blvd, 14245 Roscoe is a 6-unit value-add complex located 0.3 mile from Panorama Mall and 1 mile from The Plant Shopping Center. Primestor Development, which owns Panorama Mall (20-acre shopping center) plans to redevelop the property with approx. 4.5 million SF of residential, hotel, and other commercial uses. Pending approvals, Primestor would redevelop the mall in 4 phases over 20 years. The complex is comprised of (3) 2-bdrm. units and (3) 1-bdrm. units, and is offered at $200,000 per unit, $258 per foot, and 6.11% CAP & 10.49 GRM on current rents. This value-add opportunity presents approx. 30% rental upside, and a future investor can reach an 8.86% CAP and 8.09 GRM, by achieving projected market rents for renovated units in the area. Property amenities include gated parking with approx. 8 parking spaces and a sizeable yard for the front units. For those seeking additional opportunities, this property can be purchased individually or alongside 8135 Reseda, a 10-unit complex not subject to local rent control (1981), and offers approx. 25% rental upside, and is located across the street from Northridge Hospital. Please email or call LA1 for more information.
- Type:
- Single Family
- Sq.Ft.:
- 1,395
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1949
- Baths:
- MLS#:
- SR24232614
ADDITIONAL INFORMATION
This exceptional corner lot home features two beautifully remodeled units, with approved blueprints for an additional detached third unit. Currently, the property consists of the main home and an attached Junior Accessory Dwelling Unit (JADU). The main house offers 2 bedrooms and 1 bathroom, spanning 995 square feet, while the JADU includes 1 bedroom and 1 bathroom within its 400 square feet. Both units come with fully equipped kitchens featuring brand-new refrigerators, stoves, microwaves, and in-unit washers and dryers. Modern finishes throughout the homes provide a contemporary feel. Additionally, you'll enjoy nice patios in both the front and back, as well as a backyard space for the JADU. The property is situated on a tree-lined street, enhancing its charm. The possibilities are endless here! You can choose to live in one unit and rent out the other, or expand your rental portfolio with the potential for up to three units. Conveniently located near Kaiser Permanente, major freeways, and shopping on Roscoe Blvd, this is a fantastic opportunity you won’t want to miss!
- Type:
- Cluster
- Sq.Ft.:
- 9,094
- Status:
- Active
- Beds:
- 16
- Lot size:
- 0.25 Acres
- Year built:
- 1956
- Baths:
- 14.00
- MLS#:
- 24456379
ADDITIONAL INFORMATION
Available to purchase for just $158,214 per unit, this represents one of the best values in the entire San Fernando Valley, offering an investor an inexpensive entry point into the sought-after Valley multifamily market. With current rents below market, a new owner can increase income dramatically while recapturing the approximately 59% in rent upside. The current owner has already completed all seismic retrofit repairs (Buyer to verify), allowing a new investor to benefit from both the $230,000 in brand new seismic upgrades as well as the monthly tenant surcharges that can be collected for the next five years. Much of the plumbing has been upgraded to copper pipes by the current owner as well. The property is set to benefit from several large projects in the development pipeline within Panorama City. On a 17-acre site just blocks from Brimfield Avenue, a potential 4.5-million square foot mixed-use campus is slated for the site of the existing Panorama Mall. Dubbed Panorama City Center, the project would include 125,000 square feet of retail space, 70,000 square feet of restaurant space, 90,000 square feet of entertainment space, and 146,000 square feet of open space. Perhaps the most noteworthy development project in the area is the upcoming East San Fernando Valley Light Rail Line, which will connect the Metro Orange Line, the Metrolink Train Line in Van Nuys, and the Metrolink Train Line in Sylmar/San Fernando. The majority of the new transit line will run along the median of Van Nuys Boulevard, with the Van Nuys Metrolink and the Roscoe Boulevard stations only blocks away from tenants at 7910 Brimfield Avenue. In addition to boosting commerce in the immediate area, it will also provide the benefit of more convenient transportation for the property's tenants.
$1,190,000
8843 Tilden Avenue Panorama City, CA 91402
- Type:
- Triplex
- Sq.Ft.:
- 2,057
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1948
- Baths:
- MLS#:
- SR24202512
ADDITIONAL INFORMATION
Welcome to 8843-8845 Tilden Ave – A Prime Investment Opportunity in Panorama City! This exceptional multi-unit property offers a beautifully updated duplex along with a legal ADU, perfectly positioned near Panorama Mall and Plaza del Valle. The triplex consists of a spacious 3-bed, 1-bath unit, a 2-bed, 1-bath unit, and a modern studio ADU with 1 bath. The duplex units were remodeled between 2019 and 2020, and the ADU was legalized in 2021, making this an ideal, low-maintenance investment. Each unit is individually metered for gas and electricity, and tenants are billed separately for water, offering excellent operational efficiency. Set on a generous 6,404 square foot lot, the property provides ample outdoor space, including a front yard, backyard, and private gated entry for the ADU. With six open parking spaces, there's plenty of room for residents and guests. Located just a short distance from popular shops, restaurants, grocery stores, and major freeways like the I-405, I-5, CA-118, and CA-170, this property ensures convenient access to all parts of Los Angeles. Priced competitively and poised for long-term appreciation, this is a remarkable opportunity for investors or owner-users looking for value and future growth potential. Don't miss out on this fantastic property!
$1,279,000
14839 Blythe Street Panorama City, CA 91402
- Type:
- Cluster
- Sq.Ft.:
- 2,976
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.16 Acres
- Year built:
- 1956
- Baths:
- 4.00
- MLS#:
- 24435781
ADDITIONAL INFORMATION
Representing This terrific opportunity: Geographical location-"Soon to be the next best neighbourhoods of North", desirable unit mix: two 2 bedrooms and two 1 bedrooms, close distance to the major development "The Plant" that includes Target, Walmart, Home Depot, famous fast food establishments. Each units has its own water heater, Separate meters, attached laundry room with just updated coin operating brand new washer/dryer. 4 covered carport plus couple of onside parking spots. Electric gate. Terrific opportunity for New Investor or 1031 Exchange Buyer. One unit can be delivered vacant.
$2,800,000
9325 Sylmar Avenue Panorama City, CA 91402
- Type:
- Cluster
- Sq.Ft.:
- 8,156
- Status:
- Active
- Beds:
- 20
- Lot size:
- 0.39 Acres
- Year built:
- 1950
- Baths:
- 12.00
- MLS#:
- 24432075
ADDITIONAL INFORMATION
***CONTACT US FOR AN OM***9325 Sylmar Ave in Panorama City presents an excellent covered land play opportunity, combining immediate income with significant development opportunity. The property currently generates stable cash flow from 4 (1+1) and 8 (2+1) units and offers the ability to add 8 detached Non-Rent Control 2+2 ADUs in the parking lot. This addition should immediately increase returns from a 4.21% Cap and 12.33 GRM to an 8.18% Cap and 8.08 GRM with no additional units turning over. After the construction the building would still have an additional 34% rental upside in rents. The buyer has the option to select from two strategies: The first is "Build and Hold" which offers exceptional cash flow once the 8 ADUs are added. We estimate that the buyer can cash-out refi the property after constructing the ADUs leaving an investment of only $500,000 in the asset and achieve a 16% cash-on-cash return in the first year at today's rates. The second strategy is to "Build and Flip." We estimate the total purchase, construction, carrying, and resale closing costs to be $4,730,000; with the resale value of $5,730,000, generating a $1,000,000 profit on your total investment of $1,600,000 that equal a 62.5% return on investment. This approach is suited for investors seeking quick, high returns in a shorter timeframe. The investment is located just 3 blocks from the upcoming San Fernando Valley Light Rail Transit Project and less than 2 miles from the transformative 5-million-square-foot Panorama City Center, the property is positioned to benefit from substantial neighborhood revitalization. Nearby developments, such as the Panorama Tower luxury apartments and other mixed-use projects, are driving demand and rent growth in the area.With its income-generating capacity, potential for additional units, and proximity to transformative developments, this property offers a unique opportunity to capitalize on immediate returns and future growth. *Disclaimer:The attached information and figures are projections provided solely for conceptual marketing purposes and must be verified by the prospective purchasers. Neither the Seller, KW Commercial, Kelly Morgan, their team, nor any related employees or independent contractors warrant their accuracy. Prospective purchasers should conduct their own due diligence and are advised to conduct a thorough investigation including consulting with the appropriate professionals regarding all relevant details, facts, and projections, including the ability to make any potential improvements or build an ADU on the property in question.
Panorama City Real Estate
The median home value in Panorama City, CA is $725,000. The national median home value is $338,100. The average price of homes sold in Panorama City, CA is $725,000. Panorama City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Panorama City real estate agent to arrange a tour today!
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