Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

8

Building size

6,058 sqft

Lot size

8,367 sqft

Year built

1953

Stories

2

Garage spaces

6

Pool

None

Status

Active

Days on market

0

MLS #

247222637

About this property

The Roscoe Apartments is located in Panorama City, and a prime investment opportunity in today’s market. The building is within walking distance of shopping and eateries in the city, and situated just a short distance from major freeways – making it a quick drive to Sherman Oaks, Studio City and Burbank. The apartment complex has 8 units in total and features an ideal unit mix. The property consists of four 2 bedroom 1 bathroom units, and four 1 bedroom 1 bathroom units. There have also been some major upgrades to the building itself including the property being fully re-piped with new water and sewer lines in 2020, the installation of EQ shut-off valves, and roof replacement in recent years. There have also been various upgrades to the units and the exterior aesthetic of the property as well. This property is not only the ideal investment for a seasoned buyer but also an opportunity for a first-time buyer looking for a well-maintained multifamily rental property.

Location

14324 Roscoe

Panorama City, Los Angeles, CA, 91402