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8924 Van Nuys Blvd

Panorama City, CA 91402
  • $4,300,000
  • STATUS: Active
  • ON SITE: 88 Days
  • MLS #: 22-130819
UPDATED: 60 min ago
$4,300,000
  • 26
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,670
    SQFT
  • $274
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

RE/MAX Commercial & Investment Realty is proud to present the sale of the Van Nuys Apartments. The property consists of 18 spacious units comprised of (2) Singles, (9) 1 Bed + 1 Bath, (4) 2 Bed + 1.5 Bath, (2) 3 Bed + 2 Bath, and (1) 4 Bed + 2.5 Bath. Tenants enjoy the building's great amenities which include a swimming pool, on-site laundry facility, and on-site secure parking. The soft story retrofit has been completed in early 2021. This is an ideal investment for even the savviest buyer that wishes to acquire a property with a significant amount of upside (+/- 41%) in rental income.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T07:42:43.297. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/126109731
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8924 Van Nuys Blvd Panorama City, CA 91402

  • Price: $4,300,000
  • Status: Active
  • On Site: 88 Days
  • Updated: 60 min ago
  • MLS #: 22-130819
26
Beds
0
Baths
0
½ Baths
0.33
Acres
15,670
SQFT
$274
$/SQFT
1960
Built
Neighborhood:
Panorama City
County:
Los Angeles
Area:
Panorama City
Property Description
RE/MAX Commercial & Investment Realty is proud to present the sale of the Van Nuys Apartments. The property consists of 18 spacious units comprised of (2) Singles, (9) 1 Bed + 1 Bath, (4) 2 Bed + 1.5 Bath, (2) 3 Bed + 2 Bath, and (1) 4 Bed + 2.5 Bath. Tenants enjoy the building's great amenities which include a swimming pool, on-site laundry facility, and on-site secure parking. The soft story retrofit has been completed in early 2021. This is an ideal investment for even the savviest buyer that wishes to acquire a property with a significant amount of upside (+/- 41%) in rental income.
Exterior Features

Lot Size Area 14565 Other Structures None Parking Garage Covered Parking Paved YN Yes Pool Description Community Pool YN Yes Total Parking 18

Interior Features

Baths Total 26.00 Cooling Wall/Window Equipment None Heating Wall Laundry Community

Property Features

Alley YN Yes Assessed Total Value 3248141 Gross Income 22723 Gross Operating Income 278857 Like Units1 1 Like Units2 2 Like Units3 4 Like Units4 9 Like Units5 2 Net Operating Income 150832.00 Number Of Buildings 1 Number Of Units 18 Owner Pays WaterGardenerPool Service Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 128025 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Luis Morales DRE# of Remax Commercial And Investment Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T07:42:43.297. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270