14758 Blythe Street

  • Panorama City

  • $885,000
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Residential Income Details

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.
Essential
MLS #18372510
Price$885,000
Number of Units5
Sale TypeStandard
StatusActive Under Contract
Listing BrokerageMarcus & Millichap
Listing AgentJon Emrani
Listing Agent BRE #01427038
Interior
CoolingSee Remarks
Exterior
ParkingCovered Parking
Community
AreaPC - Panorama City
Address14758 Blythe Street
CityPanorama City
CountyLos Angeles
StateCA
ZipCode91402
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, October 4, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.