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

Bedrooms

12

Building size

8,308 sqft

Lot size

14,375 sqft

Year built

1956

Garage spaces

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

0

MLS #

249083610

About this property

14827-14833 Blythe Street is a 12-unit apartment complex on two parcels on the north side of Blythe Street between Willis Avenue and Cedros Avenue in Panorama City. Built in 1956, the two six-unit buildings total 8,308 square feet on a combined 14,375 square foot lot zoned LAR3, each on its own APN.The unit mix is (8) one bedroom / one bathroom units of 650 square feet and (4) two bedroom / one bathroom units of 800 square feet. The buildings sit behind a secure gated entry, with a shared driveway running to 12 parking spaces and carports at the rear.Tenants pay electricity and gas; ownership pays water, sewer, and trash. Two on-site laundry rooms add $4,320 of annual income. Electrical panels have been updated and the SB721 report is complete.In-place rents average $1,324 for the one-bedrooms and $1,532 for the two-bedrooms, or$16,717 per month in total. Pro-forma rents of $1,750 and $2,250 are in line with the lease comparables and add $75,396 of annual gross income, a 37.6% lift.The property sits a short walk from the Van Nuys Boulevard retail corridor and Panorama Mall, with Kaiser Permanente about a mile north and Mission Community Hospital roughly half a mile west. SR-170 and I-405 are each about two miles out, and the Metro GLine at Van Nuys is roughly three miles south.

Location

33 Blythe Street

Los Angeles, Los Angeles, CA, 91402