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Key Details
Sold Price $3,590,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,422 sqft
Price per Sqft $267
MLS Listing ID 24345953
Sold Date 04/05/24
Bedrooms 19
HOA Y/N No
Year Built 1963
Lot Size 0.392 Acres
Property Description
Value Add 17 unit building in the North Valley. Property is priced at a 5.94% current cap rate. Great unit mix of Studio, 1's, 2's and 3 bedroom units. Close proximity to public transportation, employment, and shopping. Proforma cap rate of over 8.29% and located in a dense rental area makes this an ideal value add building with no where to go but up. Property is also located in a Qualified Opportunity Zone. Make sure you check out the building video tour and OM. Call listing agent with any questions.
Location
State CA
County Los Angeles
Area Pc - Panorama City
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dishwasher, Microwave
Exterior
Garage Assigned, Covered
Parking Type Assigned, Covered
Total Parking Spaces 14
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2210003060
Financing Cash
Special Listing Condition Standard
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Bought with Ashkan Manzar • Privilege Realty
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