8827 Van Nuys Blvd
Panorama City, CA 91402
Sold for $3,360,000
| MLS | 22123331 |
| Year Built | 2019 |
| Property Type | Commercial |
| Property Subtype | Apartment |
| County | Los Angeles |
| Status | Sold |
| Sold | $3,360,000 |
| Structure Size | 8,699 sqft |
| Lot Size | 8,138 sqft |
| Beds | 14 |
| Baths | 13 |
Description
We are pleased to present this brand new construction 9-unit multifamily property in Panorama City, California. Built in 2022, this property is complete free of all rent control. Also, the property is currently 100% vacant and 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 safely behind the gated entrance/driveway. This brand new construction property will have extremely 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 areas utilities. Furthermore, since this is a brand new building with all major systems on warranty, there will be very little repairs & maintenance, and completely free of all rent control, in a strong rental pocket of the San Fernando Valley.
Listing information courtesy of: Haik Bokhchalian, JohnHart Real Estate *Based on information from the Association of REALTORS/Multiple Listing as of 12/03/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Location
Listed By
DRE #01873088
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