Panorama City, CA 91402,14735 Blythe ST
Panorama City, CA 91402,14735 Blythe ST
Panorama City, CA 91402,14735 Blythe ST
Panorama City, CA 91402,14735 Blythe ST
Panorama City, CA 91402,14735 Blythe ST
Panorama City, CA 91402,14735 Blythe ST
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$3,115,000

$3,300,000

5.6%
Est.Price: ?

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Est. payment /mo

32 Beds

20 Baths

15,806 SqFt


SOLD DATE : 12/26/2023

Key Details

Sold Price $3,115,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 15,806 sqft

Price per Sqft $197

MLS Listing ID 23319953

Sold Date 12/26/23

Bedrooms 32

Construction Status Fixer

HOA Y/N No

Year Built 1958

Lot Size 0.491 Acres

Property Description

We are pleased to present a twenty (20) unit apartment building located at 14735 Blythe Street in Van Nuys (Panorama City), California. The subject property is located in a solid Van Nuys location, south of Roscoe Boulevard and west of Van Nuys Boulevard. Built in 1958, this property contains a great unit mix of eight (8) one-bedroom / one-bathroom units and twelve (12) two-bedroom / one-bathroom units. Three (3) units have subsidized rent through LA Family Housing (LAFH) and Brilliant Corners. The property is in an opportunity zone that goes street-to-street from Blythe to Strathern with gated access to ample on-site carport parking available from the entrance on Strathern. Tenants will appreciate being on the border of Panorama City, across the street from the Cardenas Youth Park and right down the street from The Plant Shopping Center with numerous well known anchor tenants. Several new developments are continuing to line the nearby commercial corridors on Roscoe Boulevard and Van Nuys Boulevard. One of these new developments include the 180-unit housing complex at 14545 Lanark Street which is now under construction. Situated in a solid Van Nuys location on the border of Panorama City, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential for a rare, mid-size asset in an opportunity zone for additional tax benefits.

Location

State CA

County Los Angeles

Area Pc - Panorama City

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Exterior

Garage Carport, Detached Carport

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Attached Garage No

Total Parking Spaces 20

Private Pool No

Building

Lot Description Lawn, Rectangular Lot

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 2210020021

Security Features Gated Community

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jason Tuvia • Marcus & Millichap
Bought with Jason Tuvia • Marcus & Millichap
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