Panorama City, CA 91402,8827 VAN NUYS BLVD
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Panorama City, CA 91402,8827 VAN NUYS BLVD
Panorama City, CA 91402,8827 VAN NUYS BLVD
Panorama City, CA 91402,8827 VAN NUYS BLVD
Panorama City, CA 91402,8827 VAN NUYS BLVD

$3,360,000

Est. payment /mo

$3,500,000

4.0%
Est.Price: ?

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8827 VAN NUYS BLVD Panorama City, CA 91402

14 Beds

13 Baths

8,699 SqFt

SOLD DATE : 08/28/2023

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

Parking Features 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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California Regional MLS (CRMLS)
Listed by Filip Niculete • Marcus & Millichap
Bought with Jane Kim • Hana Realty
agent

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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