This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
14949 Roscoe Blvd
Panorama City, CA 91402
La Palma Apartments · Multifamily Property For Sale
·
25 Units
PROPERTY FACTS
| No. Units | 25 | Lot Size | 0.64 AC |
| Property Type | Multifamily | Building Size | 15,922 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1979 |
| Building Class | C | Parking Ratio | 1.82/1,000 SF |
| Zoning | LAR3 | ||
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 15,922 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | LAR3 |
ABOUT 14949 ROSCOE BLVD , PANORAMA CITY, CA 91402
14949 Roscoe Boulevard was built in 1979, this 25-unit non-rent control property is located on a 21,154 SF lot in the heart of the Valley in a neighborhood with consistent population growth and rising rental submarket. The two-story building features singles, one-bedrooms, and a two-bedroom. This offering presents an investor the opportunity to capture the 17% rental upside through renovations to capture the market rents. Additionally, the subject property has 29 total parking spaces including four 2-car garages with no soft-story work required. The property is being offered at a 13.01 GRM and strong in-place cash flow for a non-rent control asset of 4.18% on current income. This Panorama City neighborhood continues to grow at a rapid pace and has consistent rent growth year-over-year. The subject property sits in an ideal location with many transportation options and easy access to the 405 & 5 Freeways, giving renters an easy commute to many areas throughout Los Angeles.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $1,047 | - |
| 1+1 | 20 | $1,275 | - |
| 2+1 | 1 | $1,850 | - |
PROPERTY TAXES
| Parcel Number | 2653-023-901 | Improvements Assessment | $0 |
| Land Assessment | $3,248,141 | Total Assessment | $3,248,141 |
PROPERTY TAXES
