14830 Parthenia St - Apartments FOR SALE


Panorama City, CA 91402
$1,695,000 USD
818-549-9000
14830 Parthenia St, Panorama City, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

14830 Parthenia St
Panorama City, CA 91402


HIGHLIGHTS

  • Retiring Owner Might Carry with min 30% down
  • Over 30% upside potential
  • Possibility toi add 1 or 2 ADU and still have parking

OVERVIEW

Owner retiring priced to sell. Owner might carry financing with min of 30% down 3- to 5 years interest only. Excellent to add one or two ADU and still have lots of parking. This 4,724 sq. ft. multifamily apartment building offers a compelling investment opportunity in the heart of Panorama City. Built in 1976, the property comprises 9 one-bedroom, one-bathroom units, each featuring spacious floor plans. The building is situated on a 0.20-acre lot, providing ample space for residents. With a 100% occupancy rate, this property demonstrates strong rental demand and consistent income potential. Located between Sepulveda and Van Nuys on Parthenia, the property offers convenient access to major freeways, including the 405, 170, and 101. Residents benefit from proximity to the Sepulveda Recreation Center, North Hills Park, Walmart, Panorama Mall, and the LA Kings Valley Ice Center. The neighborhood boasts a walk score of 66, indicating a somewhat walkable environment, and a transit score of 52, reflecting good public transportation options. With a fully leased status and a strong rental demand in the area, this property presents a stable income-generating asset. The combina- tion of its strategic location, well-maintained units, and favorable financial metrics makes it an attractive option for investors seeking long-term growth and consistent cash flow.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$359 USD /SF

# OF UNITS

9

PRICE/UNIT

$188,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,490 SF

ZONING

R3-1, City of L.A.

APN/PARCEL ID

2653-015-044

ASK ABOUT THIS PROPERTY

Arthur MangassarianRE/MAX CommercialMore Info
818-549-9000

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Arthur MangassarianRE/MAX CommercialMore Info
818-549-9000

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