8924 Van Nuys

 

8924 Van Nuys Blvd | Panorama City, California | 91406

$3,200,000

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ABOUT

  • Property Type: Multifamily Apartments
  • Units: 18
  • Unit Mix: (1) Single, (9) 1+1’s, (2) 2+1’s, (3) 2+2’s, (2) 3+2’s, (1) 4+2.5
  • Rentable Area: 15,670 Sq Ft
  • Land Area: 14,565 Sq Ft
  • Parking: 19 Spaces
  • Parcel Info: 2639-006-037 | Zoning: LAR3
  • Built: 1960

AGENT

 

ADDITIONAL INFORMATION

Prime Location - 1 block south of Nordhoff St. west of Woodman Ave. Minutes away from the Van Nuys Airport

Ideal Unit Mix - 18 units ranging from singles to 4+2.5’s; Predominately (9) 1+1’s

Onsite Amenities - The building offers a gated entrance, two stories with a pool in the courtyard, laundry on-site and parking in the back

Value-Add Potential in Strong Rental Market - The Panorama City area has a growing rental market. There is a high demand for renter occupied housing. Up to 42% upside in rents based on future upgrades and turnover

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