14827 Blythe Street

    Panorama City, CA 91402
    • $2,165,000
    • STATUS: Closed
    • ON SITE: 103 days
    • ID#: 18372640
    Sold - 10/30/2018
    $2,165,000
    SOLD - 10/30/2018
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,360
      SQFT
    • $259
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    We are pleased to present a 14827-14833 Blythe St. located in Panorama City. Based on increasing rental rates in the area, the property has great upside and represents a major value-add and easy++G++G+-re-positioning++G++G+-opportunity.++G++G+-By simply turning over units and renovating them, a savvy investor can++G++G+-achieve++G++G+-market rents of++G++G+-$1,550 for one bedrooms and $1,800 for two bedrooms. This equates to almost 44% of potential upside. The offering consists of two 6 unit buildings with individual APN's and an attractive unit mix consisting of 8: 1 Bed + 1 Bath and 4: 2 Bed + 1 Bath. The buildings have pitched roofs, 12 covered parking spaces, two professionally serviced laundry rooms. In addition, the property has gone through lead remediation and is certified free of lead based paint. The building is fully gated and has a keypad doorway entrance and sliding car gate. Each unit has it's own gas water heater, and tenants pay for their own gas and electricity.++G++G

    Sold by Jason Flashman of Peak Commercial.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T00:31:45.633. 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. Licensed in the State of California, USA.
    www.kimmeeker.com/homes/86311265

    14827 Blythe Street Panorama City, CA 91402

    • Price: $2,200,000
    • Status: Closed
    • ID#: 18372640
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    8,360
    SQFT
    $259
    $/SQFT
    1956
    Built
    Neighborhood:
    PC - Panorama City
    County:
    Los Angeles
    Area:
    PC - Panorama City
    Property Description
    We are pleased to present a 14827-14833 Blythe St. located in Panorama City. Based on increasing rental rates in the area, the property has great upside and represents a major value-add and easy++G++G+-re-positioning++G++G+-opportunity.++G++G+-By simply turning over units and renovating them, a savvy investor can++G++G+-achieve++G++G+-market rents of++G++G+-$1,550 for one bedrooms and $1,800 for two bedrooms. This equates to almost 44% of potential upside. The offering consists of two 6 unit buildings with individual APN's and an attractive unit mix consisting of 8: 1 Bed + 1 Bath and 4: 2 Bed + 1 Bath. The buildings have pitched roofs, 12 covered parking spaces, two professionally serviced laundry rooms. In addition, the property has gone through lead remediation and is certified free of lead based paint. The building is fully gated and has a keypad doorway entrance and sliding car gate. Each unit has it's own gas water heater, and tenants pay for their own gas and electricity.++G++G
    Exterior Features

    Lot Size Source Estimated Lot Size Units Square Feet Parking Features Covered Parking Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.82 Gross Multiplier 13.48 Gross Operating Income 158658.00 Improvements Amount 82540 Land Value 107306 Laundry YN Yes Net Operating Income 106063.00 Special Listing Conditions Standard Total Expenses 52595.00 Zoning Lar3

    Listing provided courtesy of Jon Emrani of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T00:31:45.633. 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. Licensed in the State of California, USA.
     
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