14758 Blythe Street

    Panorama City, CA 91402
    • $885,000
    • STATUS: Active Under Contract
    • ON SITE: 126 days
    • ID#: 18372510
    Under Contract
    UPDATED: 83 min ago
    $885,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,344
      SQFT
    • $265
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    We are pleased to present a 5 unit apartment building located in Panorama City. The well-kept garden style building has great curb appeal and each unit has been remodeled with wood or wood laminate floors. Based on increasing rental rates in the area, the property has great upside and represents a major value-add and easy re-positioning opportunity. By simply turning over units and renovating them, a savvy investor can achieve market rents of $1,550 for one bedrooms and $1,800 for two bedrooms. This equates to 47% of potential rental upside. The offering consists of a 5 unit building with an attractive unit mix consisting of 4: 1 Bed + 1 Bath and 1: 2 Bed + 1 Bath. The building has a pitched roof and 5 covered parking spaces. Each unit has its own gas water heater, and tenants pay for their own gas and electricity. The property is situated on a 9,153 sq. ft. corner lot and has immense redevelopment potential, with the ability to build up to 17 new units.

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    Based on information from CARETS as of 2018-12-12T08:44:16.03. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/86343992

    14758 Blythe Street Panorama City, CA 91402

    • Price: $885,000
    • Status: Active Under Contract
    • Updated: 83 min ago
    • ID#: 18372510
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    3,344
    SQFT
    $265
    $/SQFT
    1955
    Built
    Neighborhood:
    Panorama City (Pc)
    County:
    Los Angeles
    Area:
    Panorama City (Pc)
    Property Description
    We are pleased to present a 5 unit apartment building located in Panorama City. The well-kept garden style building has great curb appeal and each unit has been remodeled with wood or wood laminate floors. Based on increasing rental rates in the area, the property has great upside and represents a major value-add and easy re-positioning opportunity. By simply turning over units and renovating them, a savvy investor can achieve market rents of $1,550 for one bedrooms and $1,800 for two bedrooms. This equates to 47% of potential rental upside. The offering consists of a 5 unit building with an attractive unit mix consisting of 4: 1 Bed + 1 Bath and 1: 2 Bed + 1 Bath. The building has a pitched roof and 5 covered parking spaces. Each unit has its own gas water heater, and tenants pay for their own gas and electricity. The property is situated on a 9,153 sq. ft. corner lot and has immense redevelopment potential, with the ability to build up to 17 new units.
    Exterior Features

    Covered Spaces Total 5 Lot Size Dimension Description 61X150 Parking Features Covered Parking Parking Spaces Total 5

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 1 Unit Number Of Bed05 1

    Property Features

    Adjusted Gross Income 65271.00 Assessed Improvement Value 77895.00 Assessed Land Value 116844.00 Cap Rate 4.67 Country United States Of America Expense Total Annual 19868.00 Gross Operating Income 63313.00 Gross Rent Multiplier 13.56 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Vendor Enhanced Net Operating Income 43445.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1479.00 Unit Monthly Rent02 1267.00 Unit Monthly Rent03 778.00 Unit Monthly Rent04 984.00 Unit Monthly Rent05 932.00 Unit Projected Total Monthly Rent01 1800.00 Unit Projected Total Monthly Rent02 1550.00 Unit Projected Total Monthly Rent03 1550.00 Unit Projected Total Monthly Rent04 1550.00 Unit Projected Total Monthly Rent05 1550.00 Unit Total Monthly Rent01 1479.00 Unit Total Monthly Rent02 1550.00 Unit Total Monthly Rent03 1550.00 Unit Total Monthly Rent04 1550.00 Unit Total Monthly Rent05 1550.00 Unit Type01 1 Unit Type02 2 Unit Type03 3 Unit Type04 4 Unit Type05 5 Units Total In Complex 5 Zoning Lar3

    Listing provided courtesy of Jon Emrani DRE#01427038 of Marcus & Millichap.


    Based on information from CARETS as of 2018-12-12T08:44:16.03. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    RE/MAX of Santa Clarita
    25101 The Old Road
    Santa Clarita CA, 91381