14949 Roscoe Blvd., Panorama City, CA 91402 - 20610936 - iPro Real Estate
iPro Real Estate

iPro Real Estate

14949 Roscoe Blvd.
Panorama City, CA 91402

Active, Multi-Family/Income Sale

For Sale

$6,500,000

Free Professional CMA

Listing ID : 20610936

  • Beds

    4
  • Year

    1979

Description

Built in 1979 and not subject to the Los Angeles Rent Stabilization Ordinance, the property is located on a large 21,154 SF lot in the heart of the Valley in a neighborhood with consistent population growth and rising rental submarket. The two-story building currently features 25 units but will be delivered 100% vacant with approved plans and permits for 17-unit conversions, six additional ADUs and restriped parking. This offering presents an investor the opportunity to reposition the building immediately

Details

Type: Multi-Family/Income Sale 
County: Los Angeles 
Tax ID: 2653023025
Net Operating Income: $444,775 
Days on Market: 696 
Number of Units: 31 
Property Type: Residential Income 
Sub Type: Multi Family 
Zoning: LAR3 

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Interactive

34.221844 -118.459251 $6,500,000 20610936
14949 Roscoe Blvd., Panorama City, CA 91402
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Area Information 91402

Population:

71,119 Up .02% since 2010
Average Income:
$61,376
Average Age:
32Years
Gender:
50.3%Male
49.7%Female
Households:
18,56347.78% with children
Average Value:
$603,940
Occupancy:
33.16%Owned
66.84%Rented
5.05%Vacant
Education:
24.1%High School
5.52%Associate
14.7%Bachelor
2.68%Graduate
Average Residency:
19Years
Crime Rate:
Average
Annual Rainfall:
16.78Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average
Wind Risk:
Very Low

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Listed by Neema Ahadian with Marcus & Millichap