Panorama City, CA 91402,14827 BLYTHE ST

$2,165,000

$2,200,000

1.6%
Est.Price: ?

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Est. payment /mo

16 Beds

12 Baths

8,360 SqFt


SOLD DATE : 10/30/2018

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

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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California Regional MLS (CRMLS)
Listed by Jon Emrani • Marcus & Millichap
Bought with Jason Flashman • Peak Commercial
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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