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8924 Van Nuys Blvd
Panorama City, CA 91402 Panorama City

$3,165,000 USD

Apartments For Sale • 15,670 SF

Property Details

Property Type Apartments
Total Building Size 15,670 SF
Lot Size 0.33 AC
Building Class C
Year Built 1960
Cap Rate 5.00 %
Zoning LAR3

51 Transit Score

81 Walk Score

                
                    Highlights
                
                                18 Spacious Units Comprised of Singles, 1-Beds, 2-beds, 3-beds, and 4-beds.
                            
                                Soft Story Retrofit Completed.
                            
                                Substanial Upside Potential +/- 83%.
                            
                                Secured Parking.
                            
                                Possible Conversion of Rec Room to ADU (Buyer to Verify).
                            
                                Located on a Major Blvd.

Financial Summary (Actual)

Net Operating Income: $158,342 USD (2023)

Cap Rate:	5.00 %
Total Expenses:	$123,335 USD

Amenities

Laundry Facilities
Pool

Public Transportation

Commuter Rail	Drive	Walk	Distance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	3 min	-	1.6 mi
Sylmar/San Fernando (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	5.2 mi
Airport	Drive	Walk	Distance
Bob Hope	13 min	-	7.5 mi
Los Angeles International	34 min	-	24.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	19
Type:	Covered
Included in Rent:	Yes

Luis Morales 213-233-4392 RE/MAX Commercial & Investment Realty

8924 Van Nuys Blvd Panorama City, CA 91402 Panorama City