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$ 3,300,000
Est. payment | /mo
27 Beds
16 Baths
11,403 SqFt
$ 3,300,000
Est. payment | /mo
27 Beds
16 Baths
11,403 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,403 sqft
Price per Sqft $289
MLS Listing ID 25513023
Bedrooms 27
HOA Y/N No
Year Built 1976
Lot Size 0.396 Acres
Property Description
This exceptional investment opportunity is located just steps away from the Icon Panorama City, a transformative development that is set to rejuvenate the area and drive significant economic growth. As construction begins on this highly anticipated 584,000-square-foot mixed-use center, property values in the surrounding neighborhood are expected to rise, making this an ideal acquisition for long-term investors. With increased demand, premium rental rates, heightened location desirability, and a thriving retail environment, this property is well-positioned for substantial appreciation. Featuring a well-balanced unit mix of spacious two- and three-bedroom units, this building caters to a wide range of tenants, ensuring strong occupancy rates and consistent rental income. Residents enjoy the convenience of on-site laundry facilities and gated parking, adding to the property's appeal. The location is highly accessible, centrally positioned east of the I-405, west of the 170, and north of the 101 freeway, making it easy for commuters and residents alike. Beyond its prime location, the property benefits from its proximity to a wide variety of dining, shopping, and entertainment venues along Roscoe Boulevard, further enhancing its desirability for tenants and future buyers. The ongoing development of the Icon Panorama City is set to redefine the area, bringing new business opportunities, increasing foot traffic, and elevating the standard of living in the neighborhood. This is a rare opportunity to invest in an area on the rise. With the expected growth in rental demand, increasing property values, and a revitalized commercial landscape, this property offers a secure and lucrative investment in one of the most promising areas of the San Fernando Valley. Don't miss your chance to secure a high-potential asset in a market poised for long-term success!
Location
State CA
County Los Angeles
Area Pc - Panorama City
Zoning LARD1.5
Interior
Fireplace No
Exterior
Parking Features Concrete
View Y/N Yes
View Courtyard
Total Parking Spaces 24
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2653005185
Special Listing Condition Standard
Listed by Tony Azzi • Tony Azzi
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "