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$ 3,025,000
$ 3,165,000 4.4%
Est. payment /mo
Sold on 02/19/2025
8924 Van Nuys BLVD Panorama City, CA 91402
26 Beds
26 Baths
15,670 SqFt
UPDATED:
Key Details
Sold Price $3,025,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,670 sqft
Price per Sqft $193
MLS Listing ID 24463353
Bedrooms 26
Year Built 1960
Lot Size 0.334 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area Pc - Panorama City
Zoning LAR3
Interior
Heating Wall Furnace
Exterior
Parking Features Covered
Building
Story 2
New Construction No
Others
Special Listing Condition Standard
Listed by Luis Morales • Remax Commercial and Investment Realty
Bought with Shawn Mehrannia • Home Team Realty
Bought with Shawn Mehrannia • Home Team Realty