14324 Roscoe Blvd - Apartments FOR SALE


Panorama City, CA 91402
$1,795,000 USD
626-657-7575
14324 Roscoe Blvd, Panorama City, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/18
null | 6.1% Cap Rate

14324 Roscoe Blvd
Panorama City, CA 91402


HIGHLIGHTS

  • Eight-unit apartment community with a balanced unit mix.
  • New copper water lines and sewer lines completed.
  • Roof has been replaced in recent years.
  • Individual gas and electric meters support efficient operations.
  • On-site laundry facilities provide additional income potential.
  • Located near transportation, shopping, schools, and daily services.

OVERVIEW

14324 Roscoe Boulevard presents the opportunity to acquire an eight-unit multifamily property in Panorama City, a centrally located San Fernando Valley community with access to major transportation corridors, retail amenities, employment centers, and neighborhood services. The property consists of four two-bedroom, one-bathroom units and four one-bedroom, one-bathroom units, providing a diverse unit mix designed to appeal to a broad renter base. The asset benefits from several capital improvements that enhance long-term ownership and operational efficiency. Ownership has completed new water and sewer line infrastructure, including full re-piping with new copper water lines and sewer lines, while earthquake shut-off valves and a roof replacement have also been completed in recent years. Additional property features include individual gas meters, individual electric meters, individual water heaters, and on-site laundry facilities, helping support efficient property management and utility administration. Located within an established residential area of Panorama City, the property offers convenient access to shopping, schools, public transportation, and major thoroughfares connecting residents throughout the San Fernando Valley and greater Los Angeles region. The combination of infrastructure upgrades, stable tenancy, and a balanced unit configuration provides investors with an asset positioned for continued operation while also offering future revenue growth potential reflected in the property's pro forma projections. With eight residential units, multiple recent system improvements, and a location within a densely populated rental market, the property offers a combination of current income, operational efficiencies, and long-term ownership potential for multifamily investors seeking exposure to the Los Angeles market.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

8

PRICE/UNIT

$224,375

CAP RATE

6.1%

% 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

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

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