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    14914 Roscoe Boulevard

    Panorama City, CA 91402
    • $5,350,000
    • STATUS: Active
    • ON SITE: 53 Days
    • ID#: 21776290
    UPDATED: 84 min ago
    $5,350,000
    • 0
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    24-Unit Value-Add Opportunity - This is the first time the property has been on the market in over 20 years. Approximately 27% rental upside. | Seismic Soft-Story Retro-Fit Work Completed - Seller is delivering with all the work completed. | Excellent Unit Mix - Unit mix includes (1) studio / 1 bath unit; (9) 1 bedroom / 1 bath units; (4) 2 bedroom / 1.5 bath units; (9) 2 bedroom / 2 bath units; (1) 3 bedroom/ 2 bath unit. | 100% Copper Piping Throughout The Building - Owner has replaced all plumbing with copper piping. | Excellent Rental Collections Through Pandemic - There are 100% collections every month during COVID. | High Demand/ Low Vacancy Rental Market - High historical occupancy due to close proximity to all major freeways, transportation hubs, major retailers and businesses. Located near the Mission Community Hospital. | Major Development In The Immediate Area - Located near the Panorama Tower development which consists of 194 units as well as the Panorama City Mall expansion.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T08:25:24.643. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/120781716
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    14914 Roscoe Boulevard Panorama City, CA 91402

    • Price: $5,350,000
    • Status: Active
    • Updated: 84 min ago
    • ID#: 21776290
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    1964
    Built
    Neighborhood:
    PC - Panorama City
    County:
    Los Angeles
    Area:
    PC - Panorama City
    Property Description
    24-Unit Value-Add Opportunity - This is the first time the property has been on the market in over 20 years. Approximately 27% rental upside. | Seismic Soft-Story Retro-Fit Work Completed - Seller is delivering with all the work completed. | Excellent Unit Mix - Unit mix includes (1) studio / 1 bath unit; (9) 1 bedroom / 1 bath units; (4) 2 bedroom / 1.5 bath units; (9) 2 bedroom / 2 bath units; (1) 3 bedroom/ 2 bath unit. | 100% Copper Piping Throughout The Building - Owner has replaced all plumbing with copper piping. | Excellent Rental Collections Through Pandemic - There are 100% collections every month during COVID. | High Demand/ Low Vacancy Rental Market - High historical occupancy due to close proximity to all major freeways, transportation hubs, major retailers and businesses. Located near the Mission Community Hospital. | Major Development In The Immediate Area - Located near the Panorama Tower development which consists of 194 units as well as the Panorama City Mall expansion.
    Exterior Features

    Parking Features Assigned

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes

    Property Features

    Gross Income 380350 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 203106 Senior Community YN No Special Listing Conditions Standard Zoning Lar3

    Listing provided courtesy of Danny Spiwak of James Capital Advisors, Inc. and Elliot Hassan of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T08:25:24.643. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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