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Key Details
Sold Price $1,890,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR13231447
Sold Date 01/31/14
HOA Y/N No
Year Built 1950
Tax Year 2012
Lot Size 0.373 Acres
Property Description
Built in 1950/1963, the subject property is located at the corner of Roscoe Boulevard and Burnet Avenue in Panorama City, California. This 18 unit garden style apartment complex is gated in the front with an open court yard, swimming pool and laundry facilities inside. The exterior has brand new paint. The building has open parking on the west side of the building and gated parking in the back of the property which is accessible through the rear alley. The interior of the units have been well maintained with several units being updated with granite kitchen counters, newer appliances, tile and carpet flooring. The property is walking distance to many restaurants, shops, bus lines and major thoroughfares. Its close proximity to the 405 freeway makes easy access to the Westside as well. This asset offers the investor an opportunity increase the yearly income as the rents are below market in addition offering future development potential based on the R3-1 zoning of the property.
Location
State CA
County Los Angeles
Area Pc - Panorama City
Zoning R3-1
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Granite Counters, Multiple Staircases, Tile Counters
Laundry Location Common Area
Cooling Wall/Window Unit(s)
Flooring Carpet, Tile, Vinyl
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Covered, Uncovered
Garage Spaces 11.0
Garage Description 11.0
Pool Private
Community Features Sidewalks
Utilities Available Sewer Available, Sewer Connected
View Y/N Yes
View Mountain(s)
Roof Type Composition
Parking Type Covered, Uncovered
Total Parking Spaces 17
Private Pool Yes
Building
Story Two
Entry Level Two
Water Public
Architectural Style Bungalow, Traditional
Level or Stories Two
Others
Tax ID 2209005024
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Cindy Hill • Keller Williams Realty - Studi
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