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7933 Brimfield Ave 6 Unit Apartment Building $1,150,000 ($191,667/Unit) 5.22% Cap Rate Panorama City, CA 91402
Investment Highlights
- Stable Income: Consistent cash flow with significant value-add potential via market rent adjustments.
- Bonus Income: Empty garage provides an immediate opportunity for additional storage rental income.
- Abundant Parking: Rare capacity for up to 20 vehicles (12 in front, 8 in rear).
Executive Summary
This property offers incredibly stable current cash flow with huge upside potential as rents are adjusted to market rates. The building features rare, ample parking: the front yard accommodates 12 cars, and the concrete-covered backyard can fit approximately 8 additional vehicles. Furthermore, the garage is currently vacant and presents an immediate opportunity for additional rental income as tenant storage.
Property Facts
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $191,667 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,081 SF |
| Cap Rate | 5.22% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 3.43/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LAR3 | ||
| Price | $1,150,000 |
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| Cap Rate | 5.22% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,081 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 3.43/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Storage Space
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 3+2 | 1 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2209-015-044 | Improvements Assessment | $391,798 |
| Land Assessment | $587,700 | Total Assessment | $979,498 |
Property Taxes
Parcel Number
2209-015-044
Land Assessment
$587,700
Improvements Assessment
$391,798
Total Assessment
$979,498
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7933 Brimfield Ave
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