$2,165,000
$2,200,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
14827 BLYTHE ST Panorama City, CA 91402
16 Beds
12 Baths
8,360 SqFt
Key Details
Sold Price $2,165,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,360 sqft
Price per Sqft $258
MLS Listing ID 18372640
Sold Date 10/30/18
Bedrooms 16
HOA Y/N No
Year Built 1956
Lot Size 0.367 Acres
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 easyre-positioningopportunity.By simply turning over units and renovating them, a savvy investor canachievemarket rents of$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.
Location
State CA
County Los Angeles
Area Pc - Panorama City
Zoning LAR3
Interior
Fireplace No
Exterior
Garage Covered
Parking Type Covered
Total Parking Spaces 12
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 2209040002
Special Listing Condition Standard
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Bought with Jason Flashman • Peak Commercial