14924 Roscoe Blvd - Apartments FOR SALE


Panorama City, CA 91402
$3,995,000 USD
415-378-5464
14924 Roscoe Blvd, Panorama City, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/16
null | 6.1% Cap Rate

14924 Roscoe Blvd
Panorama City, CA 91402


HIGHLIGHTS

  • Strong 6.1% in-place cap rate, outperforming typical San Fernando Valley multifamily yields
  • Mix of three-bedroom, two-bedroom, one-bedroom, and studio units, averaging 825 square feet
  • 100% occupancy with long-term tenants and consistent rent collections
  • Positioned along Roscoe Boulevard, benefiting from 47,000+ cars per day | Close to Metro Orange Line
  • Steps away from Panorama City Mall, Roscoe Plaza, El Super, Kaiser Permanente’s regional medical center, In-N-Out, and numerous national retailers
  • Minutes to the 405 Freeway, 118 Freeway, and major public transit routes

OVERVIEW

Maher Commercial Realty presents 14924 Roscoe Boulevard, a well-maintained 17-unit apartment community offering a strong in-place cap rate of approximately 6.1% at the asking price—significantly above market for the San Fernando Valley. The property delivers immediate, reliable cash flow supported by long-term tenants, consistently full occupancy, and larger-than-average unit sizes that help anchor tenant stability. The building totals approximately 13,422 square feet on a 17,071-square-foot lot, featuring an attractive mix of three-bedroom, two-bedroom, one-bedroom, and studio units, with an average unit size of approximately 825 square feet—substantially larger than the average rental unit for this submarket. One of the three-bedroom units is a two-story townhouse-style residence, offering excellent livability and a potential opportunity to reconfigure it into two separate units in the future (subject to buyer verification and city requirements). Residents benefit from a functional two-story design, well-maintained building systems, and individually metered gas and electric utilities. This is an exceptionally stable asset, supported by several core fundamentals: • Superior Tenant Retention: Larger unit sizes attract long-term renters and families who tend to stay multiple years. • Consistent 100% Occupancy: The property remains fully leased with gross monthly rents of $30,224, generating $362,691 in annual income, demonstrating consistent, predictable cash flow. • Above-Market Cap Rate: A 6.1% in-place cap rate is notably higher than prevailing cap rates for comparable assets in the San Fernando Valley, positioning this as a cash-flow-first investment with immediate yield. • Robust Surrounding Economic Drivers: The area offers strong employment and shopping options that consistently support rental demand. The location is another major strength. While situated within the broader North Hills East multifamily corridor, the property is just minutes from some of the San Fernando Valley’s highest-traffic retail and employment nodes, including Panorama Mall (anchored by Target, Marshalls, Foot Locker, and over 50 in-line retailers) and Roscoe Plaza, which includes high-performing national tenants. The surrounding area features El Super, Kaiser Permanente’s 474-bed regional medical center, In-N-Out, Starbucks, Vons, Smart & Final, national banks, pharmacies, casual and full-service restaurants, and numerous service-oriented businesses. Transit access via the 405 and 118 freeways, the Metro Orange Line, and major bus routes provides excellent mobility for renters. With its above-market in-place cap rate, oversized units, rare townhouse-style three-bedroom layout with conversion potential, and proven operational stability, 14924 Roscoe Boulevard represents a reliable, cash-flowing investment offering long-term stability and attractive value-add upside in a high-demand pocket of the San Fernando Valley.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

17

PRICE/UNIT

$235,000

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,070 SF

ZONING

R3-1

APN/PARCEL ID

2210-003-060

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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