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8759 Tobias Ave
Panorama City, CA 91402
Low Price Per Unit & SF – 48% Upside · Multifamily Property For Sale
·
35 Units
Investment Highlights
- Attractive Price Per Pound Metrics at $232 per Square Foot and $194,286 per Unit
- No Seismic Retrofit Repairs Required (Buyer to Verify)
- Current 4.59% CAP Rate and 12.60 GRM
- Full Copper Plumbing
- Significant Upside – Rents Over 48% Below Market Levels
- Large Parcel Spanning Nearly One Acre of Land
Property Facts
| No. Units | 35 | Building Size | 29,305 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.23/1,000 SF |
| Lot Size | 0.97 AC | ||
| Zoning | LAR3 - 0501 - 5 Or More Apts or Units | ||
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.97 AC |
| Building Size | 29,305 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | LAR3 - 0501 - 5 Or More Apts or Units |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Courtyard
- Laundry Facilities
- Security System
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $955.00 | 450 |
| 1+1 | 14 | $1,155 | 725 |
| 2+1 | 10 | $1,451 | 855 - 900 |
| 2+2 | 2 | $1,235 | 900 - 1,000 |
| 3+2 | 4 | $1,611 | 1,250 |
Property Taxes
| Parcel Number | 2653-003-016 | Improvements Assessment | $2,874,811 |
| Land Assessment | $4,244,832 | Total Assessment | $7,119,643 |
Property Taxes
Parcel Number
2653-003-016
Land Assessment
$4,244,832
Improvements Assessment
$2,874,811
Total Assessment
$7,119,643
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