Average square foot calculated using Size range provided by listing agent.
Description
Owner retiring priced to sell. Owner might carry financing with min of 30% down 3- to 5 years interest only. Excellent to add one or two ADU and still have lots of parking. This 4, 724 sq. Ft. Multifamily apartment building offers a compelling investment opportunity in the heart of Panorama City. Built in 1976, the property comprises 9 one-bedroom, one-bathroom units, each featuring spacious floor plans. The building is situated on a 0.20-acre lot, providing ample space for residents. With a 100% occupancy rate, this property demonstrates strong rental demand and consistent income potential. Located between Sepulveda and Van Nuys on Parthenia, the property offers convenient access to major freeways, including the 405, 170, and 101. Residents benefit from proximity to the Sepulveda Recreation Center, North Hills Park, Walmart, Panorama Mall, and the LA Kings Valley Ice Center. The neighborhood boasts a walk score of 66, indicating a somewhat walkable environment, and a transit score of 52, reflecting good public transportation options. With a fully leased status and a strong rental demand in the area, this property presents a stable income-generating asset. The combina- tion of its strategic location, well-maintained units, and favorable financial metrics makes it an attractive option for investors seeking long-term growth and consistent cash flow.Show Description
MLS® NumberGD25164884
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
Exterior
GarageYes
Approx. Age1976
Stories2
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
Heat
A/C
Heating Fuel
Extras
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