NO RENT CONTROL. Great Investment Opportunity located in the heart of Panorama City. The property features 20 total beds, 20 baths and a unit mix of (6) two bedroom, two-bath units, (4) two-bedroom, two-bath unit plus loft (could be used as 3rd bedroom). Each unit averages $2,170 per month in rent and market rents average $2,500 per month, with an upside potential. Ample parking: there are 24 total parking spaces on site (2 per unit + 2 guest). First floor units have private patios. Both gas and electric are separately metered. Multiple upgrades to the property have been made. Central A/C &' heating' Security Camera system' commercial water heater' exterior led lights, etc. This 10-unit complex is located on one of the most beautiful and coveted streets in Panorama City. The building is fully leased with very faithful tenants. SIGNIFICANT UPSIDE POTENTIAL IN RENT.
Property Details
Price:
$3,499,000
MLS #:
SR24110132
Status:
Active
Baths:
0
Address:
9256 Wakefield Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
pcpanoramacity
City:
Panorama City
Listed Date:
May 30, 2024
State:
CA
ZIP:
91402
Lot Size:
15,553 sqft / 0.36 acres (approx)
Year Built:
1987
See this Listing
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Schools
Interior
Cooling
Central Air
Flooring
Tile
Heating
Central
Exterior
Community Features
Valley
Garage Spaces
0.00
Lot Features
6-10 Units/ Acre
Parking Features
Assigned, On Site
Parking Spots
24.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address9256 Wakefield Avenue Panorama City CA
- AreaPC – Panorama City
- CityPanorama City
- CountyLos Angeles
- Zip Code91402
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Courtesy of Dream Homes Of LA. 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.
9256 Wakefield Avenue
Panorama City, CA
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