This prime property boasts 18 well-appointed units, including 2 singles, 9 one-bedroom/one-bath, 4 two-bedroom/1.5-bath, 2 three-bedroom/two-bath, and 1 four-bedroom/2.5-bath units. Residents enjoy amenities, such as a refreshing swimming pool, convenient on-site laundry facilities, and secure on-site parking. Recently undergoing a soft story retrofit in 2021, this property offers a significant upside potential of approximately 83%, making it an ideal acquisition for savvy investors. Strategically located on Van Nuys Blvd, just south of Nordhoff, the apartments boast a Walk Score of 78, enabling residents to accomplish most errands on foot. Proximity to major freeways (405, 5, and 118), hospitals (Kaiser Permanente), and schools (Vista Middle School, Chase Elementary, and James Monroe High School) further enhances its appeal. With the upcoming East San Fernando Valley Light Rail Transit Project, featuring 11 stations along a 6.7-mile stretch (most on Van Nuys Blvd), the property will be conveniently positioned within a short walking distance to one of the stops at Van Nuys Blvd and Nordhoff St. Don’t miss this exceptional opportunity to invest in a prime asset with tremendous growth potential.
Property Details
Price:
$3,165,000
MLS #:
24463353
Status:
Active
Baths:
0
Address:
8924 Van Nuys Boulevard
Type:
Residential Income
Neighborhood:
pcpanoramacity
City:
Panorama City
Listed Date:
Nov 8, 2024
State:
CA
ZIP:
91402
Lot Size:
14,570 sqft / 0.33 acres (approx)
Year Built:
1960
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Schools
Interior
Heating
Wall Furnace
Exterior
Parking Features
Covered
Parking Spots
18.00
Stories Total
2
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address8924 Van Nuys Boulevard Panorama City CA
- AreaPC – Panorama City
- CityPanorama City
- CountyLos Angeles
- Zip Code91402
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Courtesy of Remax Commercial and Investment Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
8924 Van Nuys Boulevard
Panorama City, CA
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