14324 Roscoe Blvd - Apartments FOR SALE


Panorama City, CA 91402
$1,950,000 USD
626-657-7575
14324 Roscoe Blvd, Panorama City, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/18
null | 5.53% Cap Rate

14324 Roscoe Blvd
Panorama City, CA 91402


HIGHLIGHTS

  • Great Centralized Location
  • Transportation Access
  • Nearby Schools & Shopping Areas
  • Several upgrades throughout units

OVERVIEW

The Roscoe Apartments is located in Panorama City, and a prime investment opportunity in today’s market. The building is within walking distance of shopping and eateries in the city, and situated just a short distance from major freeways – making it a quick drive to Sherman Oaks, Studio City and Burbank. The apartment complex has 8 units in total and features an ideal unit mix. The property consists of four 2 bedroom 1 bathroom units, and four 1 bedroom 1 bathroom units. There have also been some major upgrades to the building itself including the property being fully re-piped with new water and sewer lines in 2020, the installation of EQ shut-off valves, and roof replacement in recent years. There have also been various upgrades to the units and the exterior aesthetic of the property as well. This property is not only the ideal investment for a seasoned buyer but also an opportunity for a first-time buyer looking for a well-maintained multifamily rental property.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$322 USD /SF

# OF UNITS

8

PRICE/UNIT

$243,750

CAP RATE

5.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,367 SF

ZONING

LAR3

APN/PARCEL ID

2212-010-019

ASK ABOUT THIS PROPERTY

Jack BaboudjianBaboudjian Properties, Inc.More Info
626-657-7575

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jack BaboudjianBaboudjian Properties, Inc.More Info
626-657-7575

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.