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8827 VAN NUYS BLVD Panorama City, CA 91402
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Key Details
Sold Price $3,360,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,699 sqft
Price per Sqft $386
MLS Listing ID 22123331
Sold Date 08/28/23
Bedrooms 14
HOA Y/N No
Year Built 2022
Lot Size 8,137 Sqft
Property Description
We are pleased to present this brand new construction 9-unit multifamily property in Panorama City, California. Built in 2023, this property is completely free of all rent control. Also, the property is 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 safety behind the gated gated entrance/driveway. This brand new construction property will have extremely low 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 area utilities. Furthermore, since this is a brand new building with all major systems on warranty, there will be very little repairs & maintenance costs for years to come. This opportunity is perfect for the investor who wants easy management, top of the market rents, low expenses and maintenance, and completely free of all rent control, in a strong rental pocket of the San Fernando Valley.
Location
State CA
County Los Angeles
Area Pc - Panorama City
Zoning LAR3
Interior
Fireplace No
Exterior
Garage Converted Garage
Total Parking Spaces 18
Building
Story 3
New Construction No
Others
Senior Community No
Tax ID 2653001007
Special Listing Condition Standard
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Bought with Jane Kim • Hana Realty