Available to purchase for just $158,214 per unit, this represents one of the best values in the entire San Fernando Valley, offering an investor an inexpensive entry point into the sought-after Valley multifamily market. With current rents below market, a new owner can increase income dramatically while recapturing the approximately 59% in rent upside. The current owner has already completed all seismic retrofit repairs (Buyer to verify), allowing a new investor to benefit from both the $230,000 in brand new seismic upgrades as well as the monthly tenant surcharges that can be collected for the next five years. Much of the plumbing has been upgraded to copper pipes by the current owner as well. The property is set to benefit from several large projects in the development pipeline within Panorama City. On a 17-acre site just blocks from Brimfield Avenue, a potential 4.5-million square foot mixed-use campus is slated for the site of the existing Panorama Mall. Dubbed Panorama City Center, the project would include 125,000 square feet of retail space, 70,000 square feet of restaurant space, 90,000 square feet of entertainment space, and 146,000 square feet of open space. Perhaps the most noteworthy development project in the area is the upcoming East San Fernando Valley Light Rail Line, which will connect the Metro Orange Line, the Metrolink Train Line in Van Nuys, and the Metrolink Train Line in Sylmar/San Fernando. The majority of the new transit line will run along the median of Van Nuys Boulevard, with the Van Nuys Metrolink and the Roscoe Boulevard stations only blocks away from tenants at 7910 Brimfield Avenue. In addition to boosting commerce in the immediate area, it will also provide the benefit of more convenient transportation for the property's tenants.
This exceptional corner lot home features two beautifully remodeled units, with approved blueprints for an additional detached third unit. Currently, the property consists of the main home and an attached Junior Accessory Dwelling Unit (JADU). The main house offers 2 bedrooms and 1 bathroom, spanning 995 square feet, while the JADU includes 1 bedroom and 1 bathroom within its 400 square feet. Both units come with fully equipped kitchens featuring brand-new refrigerators, stoves, microwaves, and in-unit washers and dryers. Modern finishes throughout the homes provide a contemporary feel. Additionally, you'll enjoy nice patios in both the front and back, as well as a backyard space for the JADU. The property is situated on a tree-lined street, enhancing its charm. The possibilities are endless here! You can choose to live in one unit and rent out the other, or expand your rental portfolio with the potential for up to three units. Conveniently located near Kaiser Permanente, major freeways, and shopping on Roscoe Blvd, this is a fantastic opportunity you won’t want to miss!
Welcome to 8843-8845 Tilden Ave – A Prime Investment Opportunity in Panorama City! This exceptional multi-unit property offers a beautifully updated duplex along with a legal ADU, perfectly positioned near Panorama Mall and Plaza del Valle. The triplex consists of a spacious 3-bed, 1-bath unit, a 2-bed, 1-bath unit, and a modern studio ADU with 1 bath. The duplex units were remodeled between 2019 and 2020, and the ADU was legalized in 2021, making this an ideal, low-maintenance investment. Each unit is individually metered for gas and electricity, and tenants are billed separately for water, offering excellent operational efficiency. Set on a generous 6,404 square foot lot, the property provides ample outdoor space, including a front yard, backyard, and private gated entry for the ADU. With six open parking spaces, there's plenty of room for residents and guests. Located just a short distance from popular shops, restaurants, grocery stores, and major freeways like the I-405, I-5, CA-118, and CA-170, this property ensures convenient access to all parts of Los Angeles. Priced competitively and poised for long-term appreciation, this is a remarkable opportunity for investors or owner-users looking for value and future growth potential. Don't miss out on this fantastic property!
Representing This terrific opportunity: Geographical location-"Soon to be the next best neighbourhoods of North", desirable unit mix: two 2 bedrooms and two 1 bedrooms, close distance to the major development "The Plant" that includes Target, Walmart, Home Depot, famous fast food establishments. Each units has its own water heater, Separate meters, attached laundry room with just updated coin operating brand new washer/dryer. 4 covered carport plus couple of onside parking spots. Electric gate. Terrific opportunity for New Investor or 1031 Exchange Buyer. One unit can be delivered vacant.
PRICE REDUCTION - MOTIVATED SELLER***4.09% Cap, 12.37 GRM 63% Potential Upside In Rents***Possibility To Add Two 3+2 Detached ADUs In The Large Parking Lot Giving You a 5.63% Cap, 10.54 GRM******Please Contact Us For An OM*** 9325 Sylmar Avenue, located in Panorama City, California with 4 (1+1) and 8 (2+1). There are big changes going on near Panorama City and North Hills. Primestor and the city are planning a major development called the "Panorama City Center". This massive development will offer over 5 million square feet of multi-family, retail, restaurants, entertainment, fitness, office, and medical. Basically, a walking city. This adds to other current and future huge developments being planned in the area. Izek Shomof has already converted the Panorama Tower (https://www.panoramatowerla.com), previously an office building, into 194 luxury residential apartments and due it's success, is now planning on building another 200 apartments w/ retail right next door. (https://la.urbanize.city/post/mixed-use-project-moves-forward-8141-van-nuys-panorama-city) We believe these major investments are due to the upcoming Light Rail Transit Line on Van Nuys Blvd. Transit Lines have been proven to change neighborhoods, sometimes increasing rents 25-67%. Large developers know this and build accordingly. These transformative large developments further change the neighborhoods. Nearby property owners receive the benefits. Call us, we can help you profit from this. 3 Blocks From Upcoming SF Valley Light Rail Transit Project Less than 2 miles from the Future Panorama City Center, a 5,000,000 Sq Ft Transportation Oriented Development sure to Transform the Neighborhood New Developments Change Neighborhoods, Additional Significant Developments are Planned in the Area by Major Developers
Wonderful opportunity to own a duplex, live in one and rent the other one for around $2500. a month centrally located, close to all shopping mall, all transportations nearby.
Panorama City is located in California.
