Panorama City, CA 91402,8924 Van Nuys Blvd
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Panorama City, CA 91402,8924 Van Nuys Blvd
Panorama City, CA 91402,8924 Van Nuys Blvd
Panorama City, CA 91402,8924 Van Nuys Blvd
Panorama City, CA 91402,8924 Van Nuys Blvd
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$ 3,165,000
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8924 Van Nuys Blvd Panorama City, CA 91402

26 Beds

26 Baths

15,670 SqFt


UPDATED:

12/16/2024 07:51 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,670 sqft

Price per Sqft $201

MLS Listing ID 24-463353

Bedrooms 26

Year Built 1960

Lot Size 0.334 Acres

Acres 0.3345

Property Description

This prime property boasts 18 well-appointed units, including 2 singles, 9 one-bedroom/one-bath, 4 two-bedroom/1.5-bath, 2 three-bedroom/two-bath, and 1 four-bedroom/2.5-bath units. Residents enjoy amenities, such as a refreshing swimming pool, convenient on-site laundry facilities, and secure on-site parking. Recently undergoing a soft story retrofit in 2021, this property offers a significant upside potential of approximately 83%, making it an ideal acquisition for savvy investors. Strategically located on Van Nuys Blvd, just south of Nordhoff, the apartments boast a Walk Score of 78, enabling residents to accomplish most errands on foot. Proximity to major freeways (405, 5, and 118), hospitals (Kaiser Permanente), and schools (Vista Middle School, Chase Elementary, and James Monroe High School) further enhances its appeal. With the upcoming East San Fernando Valley Light Rail Transit Project, featuring 11 stations along a 6.7-mile stretch (most on Van Nuys Blvd), the property will be conveniently positioned within a short walking distance to one of the stops at Van Nuys Blvd and Nordhoff St. Don't miss this exceptional opportunity to invest in a prime asset with tremendous growth potential.

Location

State CA

County Los Angeles

Area Panorama City

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment None

Exterior

Parking Features Covered Parking

Garage Spaces 18.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Remax Commercial and Investment Realty

Pure Luxury Realty

Broker

+1(562) 392-0668

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8924 Van Nuys Blvd