Fantastic investment opportunity! This duplex offers great potential for both investors and owner-occupiers. With two units, each featuring two bedrooms and one bath, this property provides versatility and flexibility. Unit 8709 is currently being updated and both units enjoy central air conditioning. The units have security as the property is fully gated. Both units allow for fair market rent to be achieved. Additionally, there is potential to build an ADU for even more passive income. The property also offers ample parking with a long driveway and a two car garage. The duplex is conveniently located to several businesses, restaurants, shopping and transportation making this a desired place to live and a profitable place to own!
We are proud to represent this 16 unit building in Panorama City. The building was constructed in 1978. Its unit mix consists of (2) 1+1 units and (14) studio units. With a lot size of 7,545 square feet, the property has a total of 7,188 rentable square feet. Located in the heart of the San Fernando Valley, Panorama City, CA, offers a dynamic and convenient lifestyle perfect for families and professionals alike. The city features a variety of shopping centers, diverse dining options, and excellent schools, making it an ideal place to live. With easy access to major freeways and public transportation, residents can enjoy seamless connectivity to the greater Los Angeles area. The property is separately metered for gas and electricity.
NO RENT CONTROL. Great Investment Opportunity located in the heart of Panorama City. The property features 20 total beds, 20 baths and a unit mix of (6) two bedroom, two-bath units, (4) two-bedroom, two-bath unit plus loft (could be used as 3rd bedroom). Each unit averages $2,170 per month in rent and market rents average $2,500 per month, with an upside potential. Ample parking: there are 24 total parking spaces on site (2 per unit + 2 guest). First floor units have private patios. Both gas and electric are separately metered. Multiple upgrades to the property have been made. Central A/C & heating; Security Camera system; commercial water heater; exterior led lights, etc. This 10-unit complex is located on one of the most beautiful and coveted streets in Panorama City. The building is fully leased with very faithful tenants. SIGNIFICANT UPSIDE POTENTIAL IN RENT.
We are proud to represent this 14 unit building in Panorama City. The building was constructed in 1956. Its unit mix consists of (12) 1+1 units and (2) 2+1 units. With a lot size of 16,341, the property has a total of 11,004 rentable square feet. Located in the heart of the San Fernando Valley, Panorama City, CA, offers a dynamic and convenient lifestyle perfect for families and professionals alike. The city features a variety of shopping centers, diverse dining options, and excellent schools, making it an ideal place to live. With easy access to major freeways and public transportation, residents can enjoy seamless connectivity to the greater Los Angeles area.
The two story apartment consists of four 2 bedroom/ 2 bathroom units, three 2 bedroom/ 1 bathroom units, and the remainder of twelve 1 bedroom/ 1 bathroom units. Some of the units include balconies. The roof has been newly updated and the soft story retrofit work has been completed. Additionally there are 19 parking spots. The building size is 15,621 square feet that is built on a 18,221 square foot lot. The zoning is LAR3 Tier 3 TOC. The investment opportunity is located in the vibrant and up and coming neighborhood of Panorama City. Located within blocks of the existing Panorama Mall, the future site of a planned 4.5 million square foot mixed use development site. Included in the proposal are 70,000 square feet of restaurant space, 125,000 square feet of retail space, 146,000 square feet of open space,and 90,000 square feet of entertainment space. 7961 Willis Avenue is a 0.7 mile 14 minute walk from the Metrolink Ventura County Line at the Van Nuys Metrolink Station stop.A noteworthy development project currently in the San Fernando Valley, the light rail line will connect the Metrolink Train Line inVan Nuys , 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 a station planned within blocks of the subject property. With current rents approximately 60% below market rates, a savy investor can capitalize on this rent upside to create increasing cash flow even before the neighborhood improves with the pending development projects. An additional revenue stream is provided by the on-site laundry facilities.
An amazing investment opportunity with significant upside potential, 8710 Kester in Panorama City is within a half mile of the Primestor-planned Panorama City Center, whose approx. 5 million square feet “redevelopment project brings a dynamic mixed-use environment including shopping, sit-down restaurants, health and wellness services, event gathering destinations, a range of housing options, and remote working areas.” Kester will be equally close to the planned East San Fernando Valley Light Rail Line, with a planned Metro stop at the City Center. With a diversified mix of two – 3/3 and eight – 2/3 unique townhome-style, plus three – 2/2, and two – 1/1 single level apartments, these well-maintained 15 units built in 1962 offer exceptional roominess (averaging 1217sf per unit) over 18,255sf GLA on a 21,622sf lot. Boasting 15 covered parking spots, newer roof, central AC and all-copper plumbing, these fully-occupied, all-electric units sit in the heart of this local redevelopment boom, with hundreds of apartments recently built (Panorama Tower) or slated for development … along with another nearby proposed mixed use “Icon at Panorama” project (adjacent to the Panorama City Center). whose almost-600,000sf residential/retail combination will make 8710 Kester a highly-coveted SF Valley address for decades to come!
***HUGE PRICE REDUCTION***VACANT 2+2 UNIT LEASED AT $2,550*** IN-PLACE 6.31% CAP RATE, 10.18 GRM***18 (2+2) 2 (3+2) units in Panorama City. Property is located in Panorama City, the next multifamily hotspot. 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, 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. 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. The Next Multifamily Hotspot echoing the Success of North Hollywood and Korea Town Less than 1/2 mile from the coming Van Nuys Light Rail, New public transit stops drive up nearby rental prices 25% - 60% 1/2 a mile to 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 80% 2 Bedroom 2 Bath, 20% 3 Bedroom 2 Bath All units have nice kitchens, kitchen cabinets, flooring and bathrooms Potential to add an ADU without losing parking (Buyer to confirm) Contact us for an OM.
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, walking 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.
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.
