REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$899,000

Est. payment - /mo

5 Beds

2 Baths

1,794 SqFt

Save

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,794 sqft

Price per Sqft $501

MLS Listing ID 26691831

Bedrooms 5

HOA Y/N No

Year Built 1948

Lot Size 6,407 Sqft

Property Description

Excellent opportunity to acquire a well-maintained duplex in the heart of Panorama City, centrally located within the San Fernando Valley with convenient access to major freeways, shopping centers, schools, and employment hubs. The property consists of two spacious units, including a 3-bedroom, 1-bathroom unit currently generating $2,995/month featuring a private yard and in-unit laundry, and a 2-bedroom, 1-bathroom unit generating $2,250/month with a welcoming front porch. Additional income is generated from parking at $155/month. The property offers strong fundamentals with no subsidized tenancy and professional management in place, providing ease of ownership and operational stability, and is offered at an attractive 5.31% CAP rate.The lot includes a detached 2-car garage located at the rear, presenting excellent ADU potential for additional income or future value enhancement (buyer to verify). There are also three driveway parking spaces without the need to utilize the garage, adding further convenience for tenants. Both units are equipped with tankless water heaters, improving efficiency and reducing operating costs.Situated in a high-demand rental market, Panorama City continues to benefit from its central location, proximity to the 405, 5, and 170 freeways, nearby retail such as Panorama Mall, and ongoing neighborhood growth. This asset presents an ideal opportunity for investors seeking stable cash flow with upside potential through ADU development or rental increases. -- PHOTOS FROM PRIOR TO TENANTS OCCUPIED UNITS --

Location

State CA

County Los Angeles

Area Pc - Panorama City

Zoning LAR2

Interior

Heating Natural Gas, Wall Furnace

Fireplaces Type None

Fireplace No

Laundry See Remarks

Exterior

Parking Features Assigned, Driveway, On Street

Garage Spaces 2.0

Carport Spaces 3

Garage Description 2.0

Pool None

Community Features Gated

View Y/N No

View None

Roof Type Composition,Shingle

Porch Front Porch, See Remarks

Total Parking Spaces 5

Private Pool No

Building

Story 1

Entry Level One

Sewer Other

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 2639006014

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Financing Cash,Conventional,Private

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Fred Nabati Trimax Realty, Inc. #01276914

NEARBY SCHOOLS & PROPERTIES

Have questions about this property, other properties, or thinking of selling a similar one? We’re here to help. Simply complete the GET MORE INFORMATION form, and we’ll be in touch shortly!

+1(714) 681-1222

info@1visionproperties.com

GET MORE INFORMATION

QUICK SEARCH

8837 Tilden AVE Panorama City, CA 91402