8827 VAN NUYS Boulevard

Panorama City, CA 91402

$3,360,000

Sold Price
N/A

bed Beds

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shower Baths

N/A sqft

straighten $402 / sqft

2022

calendar_month Built

Property Description

We are pleased to present this brand new construction 9-unit multifamily property in Panorama City, California. Built in 2023, this property is completely free of all rent control. Also, the property is located in an opportunity zone. This 8,699 square foot apartment building sits on a 0.19 acre lot, and it boasts a strong unit mix of (5) 1 Bed / 1 Bath units, (3) 2 Bed / 2 Bath units, and (1) 3 Bed / 2 Bath unit. All of these brand new units are large, bright and spacious units that offer the tenants all modern amenities including tall ceiling heights, hardwood floors, central AC, all new kitchens with modern appliances and cabinetry, washer/dryer inside each unit, private balconies with views, and individual water heaters. The property also provides ample on-grade, tuck under parking for all tenants which is located safety behind the gated gated entrance/driveway. This brand new construction property will have extremely low expenses for the buyer. Because it is separately metered for all utilities, including water, the buyer will only be responsible to pay for the small amount of common area utilities. Furthermore, since this is a brand new building with all major systems on warranty, there will be very little repairs & maintenance costs for years to come. This opportunity is perfect for the investor who wants easy management, top of the market rents, low expenses and maintenance, and completely free of all rent control, in a strong rental pocket of the San Fernando Valley.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 8827 VAN NUYS Boulevard
City Panorama City
State CA
Zip 91402
County Los Angeles
Listing Agent Filip Niculete DRE#01905352
Co-Listing Agent Haik Bokhchalian DRE#01325511
Courtesy Of Marcus & Millichap
MLS 22123331
Close Price $3,360,000
Close Date Monday, August 28th, 2023
Status Closed
Type Residential Income
Structure Size N/A
Lot Size 8,138
Year Built 2022
DOM 268

Exterior Information

Maps

Listing information courtesy of: Filip Niculete, Haik Bokhchalian, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 28th, 2023 at 2:18 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.