$3,499,000 Price Analysis   ♡   Panorama City, CA 91402 20 bed 20 bath 7,674 SqFt ($455/SqFt) 0.36 acre lot. Built 1987 Listed 2024-06-01, Taxes $40,340 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
NO RENT CONTROL.
Great Investment Opportunity located in the heart of Panorama City. The property features 20 total beds, 20 baths and a unit mix of (6) two bedroom, two-bath units, (4) two-bedroom, two-bath unit plus loft (could be used as 3rd bedroom). Each unit averages $2, 170 per month in rent and market rents average $2, 500 per month, with an upside potential.
Ample parking: there are 24 total parking spaces on site (2 per unit + 2 guest). First floor units have private patios. Both gas and electric are separately metered. Multiple upgrades to the property have been made. Central A/C and heating; Security Camera system; commercial water hea ter; exterior led lights, etc. This 10-unit complex is lcated on one of the most attractive and coveted streets in Panorama City. The building is fully leased with faithful tenants. SIGNIFICANT UPSIDE POTENTIAL IN RENT.
Presented by Marlon Gonzalez at
Dream Homes Of La.
Property MLS #SR24110132 from CRMLS
Heating Features: Central
Heating: Yes
Lot Size Acres: 0.357
Lot Size Source: Assessor
Lot Size Square Feet: 15553
Parking Features: Parking YN: Yes, Parking Features: Assigned, On Site
Parking Total: 24
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Bedrooms in Unit-7: 2
Bedrooms in Unit-8: 2
Bedrooms in Unit-9: 2
Bedrooms in Unit-10: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 2
Total Bathrooms in Unit-5: 2
Total Bathrooms in Unit-6: 2
Total Bathrooms in Unit-7: 2
Total Bathrooms in Unit-8: 2
Total Bathrooms in Unit-9: 2
Total Bathrooms in Unit-10: 2
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 2
Unit-3 Garage Spaces: 2
Unit-4 Garage Spaces: 2
Unit-5 Garage Spaces: 2
Unit-6 Garage Spaces: 2
Unit-7 Garage Spaces: 2
Unit-8 Garage Spaces: 2
Unit-9 Garage Spaces: 2
Unit-10 Garage Spaces: 2
County: Los Angeles
Other Expense: 24600.00
Source Property Type: Residential Income
Insurance Expense: 3000.00
Area: PC - Panorama City
Source Neighborhood: PC - Panorama City
New Taxes Expense: 43113.00
Number of Separate Electric Meters: 10
Number of Separate Gas Meters: 10
Number of Separate Water Meters: 10
Parcel Number: 2639009045
Trash Expense: 5400.00
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,983,573 + $1,329,530 $3,313,103 | $40,340 |
| 2021 | $1,944,680 + $1,303,461 $3,248,141 | $39,840 |
| 2020 | $1,924,740 + $1,290,096 $3,214,836 | $40,242 |
| 2019 | $1,887,000 + $1,264,800 $3,151,800 | $38,671 |
| 2018 | $686,283 + $1,029,964 $1,716,247 | $21,943 |
| 2017 | $672,827 + $1,009,769 $1,682,596 | $21,442 |
| 2016 | $659,635 + $989,970 $1,649,605 | $20,914 |
| 2015 | $649,727 + $975,100 $1,624,827 | $20,621 |
| 2014 | $452,043 + $1,004,540 $1,456,583 | $19,082 |
| 2013 | $599,830 + $399,883 $999,713 | $13,571 |
| 2012 | $588,069 + $392,043 $980,112 | $13,747 |
| 2010 | $576,539 + $384,356 $960,895 | $13,399 |
| 2009 | $573,591 + $382,391 $955,982 | $12,932 |
| 2009 | $572,231 + $381,484 $953,715 | $12,932 |
| 2008 | $562,345 + $374,894 $937,239 | $12,415 |
| 2007 | $551,319 + $367,544 $918,863 | $11,954 |
$3,499,000
CRMLS
Sold 2018-01-31
$3,090,000
CRMLS
Listing removed 2017-11-15
$3,150,000
CRMLS
Listed 2017-11-13
$3,150,000
CRMLS
Relisted 2017-09-26
$3,150,000
CRMLS
Listing removed 2017-09-20
$3,150,000
CRMLS
Listed 2017-03-31
$3,150,000
CRMLS
Listing removed 2006-05-19
$1,949,000
ITECH
Listed 2005-11-18
$1,949,000
ITECH
Listing removed 2005-10-22
$1,949,000
ITECH
Listed 2005-04-21
$1,949,000
ITECH
Listing removed 2005-04-17
$1,999,000
ITECH
Listed 2004-11-16
$1,999,000
ITECH
Sold 2002-10-18
$850,000
Public Record
Sold 1999-09-17
$540,000
Public Record
Sold 1999-04-16
$375,000
Public Record
Sold 1988-01-08
$180,000
Public Record
Sold 1983-04-20
$108,000
Public Record
Year Built: 1987
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 37
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 2
Structure Type: Commercial/Residential
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.