8924 Van Nuys Blvd

 

8924 VAN NUYS BLVD, PANORAMA CITY, CA 91402

$3,830,000

Van Nuys 3.jpg

  • 18 Units

  • Built in 1960

  • 15,670 SF

IDEAL UNIT MIX—This property has a diverse mix of 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom units

POOL—The property has a pool in the center of the courtyard

SOFT STORY RETROFITTING—The property has already undergone the required seismic retrofitting saving the future owner substantial costs

VALUE-ADD POTENTIAL IN STRONG RENTAL MARKET—The Panorama City area has strong rental market with almost 16% rent growth since 2017. 3 units have been renovated and there is approximately 44% upside in rents based on future upgrades

 
 
David Leibowitz, Apartment, Multifamily, PortfolioJonathan Krikorian