See all 14 photos
14 photos
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
$2,300,000
Est. payment /mo
0.33 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-29435
HOA Y/N No
Year Built 1956
Lot Size 0.330 Acres
Property Description
14827-14833 Blythe Street is a 12-unit apartment complex on two parcels on the north side of Blythe Street between Willis Avenue and Cedros Avenue in Panorama City. Built in 1956, the two six-unit buildings total 8,308 square feet on a combined 14,375 square foot lot zoned LAR3, each on its own APN.The unit mix is (8) one bedroom / one bathroom units of 650 square feet and (4) two bedroom / one bathroom units of 800 square feet. The buildings sit behind a secure gated entry, with a shared driveway running to 12 parking spaces and carports at the rear.Tenants pay electricity and gas; ownership pays water, sewer, and trash. Two on-site laundry rooms add $4,320 of annual income. Electrical panels have been updated and the SB721 report is complete.In-place rents average $1,324 for the one-bedrooms and $1,532 for the two-bedrooms, or$16,717 per month in total. Pro-forma rents of $1,750 and $2,250 are in line with the lease comparables and add $75,396 of annual gross income, a 37.6% lift.The property sits a short walk from the Van Nuys Boulevard retail corridor and Panorama Mall, with Kaiser Permanente about a mile north and Mission Community Hospital roughly half a mile west. SR-170 and I-405 are each about two miles out, and the Metro GLine at Van Nuys is roughly three miles south.
Location
State CA
County Los Angeles
Area Pc - Panorama City
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Detached Carport
Fence Chain Link, Wrought Iron
Pool None
Community Features Sidewalks
View Y/N No
View None
Total Parking Spaces 12
Private Pool No
Building
Lot Description Sprinklers None
Others
Senior Community No
Tax ID 2209040002
Energy Description 600.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Read Less Info
Listed by Casey Picard Keller Williams Realty #01921866
NEARBY SCHOOLS & PROPERTIES
