Homes for sale - 14245 Roscoe BLVD, Panorama City, CA 91402

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Kristen Gentry

kristen@richardsonproperties.com +1(805) 441-4618

$ 1,200,000

Est. payment | -/mo

9 Beds

6 Baths

4,644 SqFt

Save

$ 1,200,000

Est. payment | -/mo

Save

9 Beds

6 Baths

4,644 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,644 sqft

Price per Sqft $258

MLS Listing ID 24470653

Bedrooms 9

HOA Y/N No

Year Built 1951

Lot Size 8,703 Sqft

Property Description

Located just east of Van Nuys Blvd, 14245 Roscoe is a 6-unit value-add complex located 0.3 mile from Panorama Mall and 1 mile from The Plant Shopping Center. Primestor Development, which owns Panorama Mall (20-acre shopping center) plans to redevelop the property with approx. 4.5 million SF of residential, hotel, and other commercial uses. Pending approvals, Primestor would redevelop the mall in 4 phases over 20 years. The complex is comprised of (3) 2-bdrm. units and (3) 1-bdrm. units, and is offered at $200,000 per unit, $258 per foot, and 6.11% CAP & 10.49 GRM on current rents. This value-add opportunity presents approx. 30% rental upside, and a future investor can reach an 8.86% CAP and 8.09 GRM, by achieving projected market rents for renovated units in the area. Property amenities include gated parking with approx. 8 parking spaces and a sizeable yard for the front units. For those seeking additional opportunities, this property can be purchased individually or alongside 8135 Reseda, a 10-unit complex not subject to local rent control (1981), and offers approx. 25% rental upside, and is located across the street from Northridge Hospital. Please email or call LA1 for more information.

Location

State CA

County Los Angeles

Area Pc - Panorama City

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Parking Features Gated

Community Features Gated

View Y/N No

View None

Total Parking Spaces 8

Building

Faces South

Story 1

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2638026010

Security Features Gated Community

Special Listing Condition Standard

Listed by Kenny Stevens • Compass

GET MORE INFORMATION

Kristen Gentry

Broker Associate | Lic# 01968754

kristen@richardsonproperties.com

+1(805) 441-4618

711 Tank Farm Rd Ste 100 San Luis Obispo, CA, 93401

14245 Roscoe BLVD Panorama City, CA 91402

Kristen Gentry

Key Details

Location

Interior

Exterior

Building

Others

14245 Roscoe BLVD