8827 Van Nuys Blvd, Panorama City, CA 91402

$3,360,000
14
BD
13
BA
8,699
SqFt
Sold Price
$3,360,000
List Price
$3,500,000
Closing Date
Aug 28, 2023
MLS#
22-123331
Status
SOLD
Type
Multifamily
Bedrooms
14
Bathrooms
13
Living Area
8,699

Property Description

We are pleased to present this brand new construction 9-unit multifamily property in Panorama City, California. Built in 2023, this property is completely free of all rent control. Also, the property is located in an opportunity zone. This 8,699 square foot apartment building sits on a 0.19 acre lot, and it boasts a strong unit mix of (5) 1 Bed / 1 Bath units, (3) 2 Bed / 2 Bath units, and (1) 3 Bed / 2 Bath unit. All of these brand new units are large, bright and spacious units that offer the tenants all modern amenities including tall ceiling heights, hardwood floors, central AC, all new kitchens with modern appliances and cabinetry, washer/dryer inside each unit, private balconies with views, and individual water heaters. The property also provides ample on-grade, tuck under parking for all tenants which is located safety behind the gated gated entrance/driveway. This brand new construction property will have extremely low expenses for the buyer. Because it is separately metered for all utilities, including water, the buyer will only be responsible to pay for the small amount of common area utilities. Furthermore, since this is a brand new building with all major systems on warranty, there will be very little repairs & maintenance costs for years to come. This opportunity is perfect for the investor who wants easy management, top of the market rents, low expenses and maintenance, and completely free of all rent control, in a strong rental pocket of the San Fernando Valley.

Additional Information

Year Built
2022
Garage
Converted Garage

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Calculator source: Real Geeks

Courtesy of , Filip Niculete. Selling Office: .

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