14245 Roscoe Boulevard, Panorama City, CA 91402 (MLS # 24470653)

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PRICE $1,200,000 dsIDX morgage calculator
BEDS 9
BATHS 6
HOME SIZE 4,644 sqft
LOT SIZE 8,704 sqft

Located just east of Van Nuys Blvd, 14245 Roscoe is a 6-unit value-add complex located 0.3 mile from Panorama Mall and 1 mile from The Plant Shopping Center. Primestor Development, which owns Panorama Mall (20-acre shopping center) plans to redevelop the property with approx. 4.5 million SF of residential, hotel, and other commercial uses. Pending approvals, Primestor would redevelop the mall in 4 phases over 20 years. The complex is comprised of (3) 2-bdrm. units and (3) 1-bdrm. units, and is offered at $200,000 per unit, $258 per foot, and 6.11% CAP & 10.49 GRM on current rents. This value-add opportunity presents approx. 30% rental upside, and a future investor can reach an 8.86% CAP and 8.09 GRM, by achieving projected market rents for renovated units in the area. Property amenities include gated parking with approx. 8 parking spaces and a sizeable yard for the front units. For those seeking additional opportunities, this property can be purchased individually or alongside 8135 Reseda, a 10-unit complex not subject to local rent control (1981), and offers approx. 25% rental upside, and is located across the street from Northridge Hospital. Please email or call LA1 for more information.

DAYS ON MARKET 15 LAST UPDATED 12/10/2024
YEAR BUILT 1951 COMMUNITY Panorama City
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
AREA Panorama City
GARAGE Gated
HEAT Wall Furnace
LOT 8702 sq ft
PARKING Gated
STORIES 2
VIEW DESCRIPTION None
ZONING LAR3
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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