9147 Van Nuys Blvd
Panorama City, CA 91402
Van Nuys Apartments · Multifamily Property For Sale
·
21 Units
Investment Highlights
- Renovated apartment complex with updated interiors and exteriors
- Potential to convert non-conforming studio into a legal 22nd unit (Buyer to Verify)
- Located directly on the approved East San Fernando Valley Transit Corridor with a stop slated for Nordhoff Street and Van Nuys Boulevard
- Over 30% upside in rental potential
- All units maintain a patio or balcony
- Secure gate entry to lobby with telecom system
Property Facts
| No. Units | 21 | Building Size | 21,404 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1988/2019 |
| Building Class | C | Parking Ratio | 0.98/1,000 SF |
| Lot Size | 0.39 AC | ||
| Zoning | (Q) R3-1 | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 21,404 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2019 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | (Q) R3-1 |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Property Manager on Site
About 9147 VAN NUYS BLVD , PANORAMA CITY, CA 91402
Located on Van Nuys Boulevard in Panorama City, California along the approved future East Valley Transit Corridor, this 21+1 apartment complex has been renovated with most units maintaining updated interiors and exteriors and offers a buyer to purchase an asset with huge 30% rental upside. With a unit mix of (14) - 2 bed / 2 bath , (7) - 1 bed / 1 bath, and non-conforming (1) – Studio / 1 bath units Updates to the asset include updated entry, telecom systems, replacement of all windows, new wood paneling in courtyard, new awnings, updated units, replacement of a/c units, and gas shut off valves. Currently, there is a non-conforming studio with the opportunity to a legal 22nd unit (buyer to verify). Upon legalization, the unit will be designated as affordable and will maintain a 55-year period of affordability at 50% of Area Median Income. With the asset's great location within proximity to Kaiser Permanente and retailers, an owner is given a great investment for growth that will prove increased rental rates and improving demographics.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 700 |
| 2+2 | 14 | - | 975 |
Property Taxes
| Parcel Number | 2651-009-015 | Improvements Assessment | $2,878,037 |
| Land Assessment | $1,918,690 | Total Assessment | $4,796,727 |
Property Taxes
