REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Arthur Mangassarian • Re/Max Tri-City Realty
$ 1,610,000
Est. payment | /mo
8,492 Sqft Lot
$ 1,610,000
Est. payment | /mo
8,492 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD25164884
Year Built 1976
Lot Size 8,492 Sqft
Source California Regional MLS
Property Description
Owner retiring priced to sell. Owner might carry financing with min of 25% to 30% down 3- to 5 years interest only at amazing rate Excellent to add one or two ADU and still have lots of parking. This 4,724 sq. ft. multifamily apartment building offers a compelling investment opportunity in the heart of Panorama City. Built in 1976, the property comprises 9 one-bedroom, one-bathroom units, each featuring spacious floor plans. The building is situated on a 0.20-acre lot, providing ample space for residents. With a 100% occupancy rate, this property demonstrates strong rental demand and consistent income potential. Located between Sepulveda and Van Nuys on Parthenia, the property offers convenient access to major freeways, including the 405, 170, and 101. Residents benefit from proximity to the Sepulveda Recreation Center, North Hills Park, Walmart, Panorama Mall, and the LA Kings Valley Ice Center. The neighborhood boasts a walk score of 66, indicating a somewhat walkable environment, and a transit score of 52, reflecting good public transportation options. With a fully leased status and a strong rental demand in the area, this property presents a stable income-generating asset. The combina- tion of its strategic location, well-maintained units, and favorable financial
Location
State CA
County Los Angeles
Area Pc - Panorama City
Interior
Flooring Laminate
Laundry Community Facility
Exterior
Parking Features Assigned Spaces
Garage Spaces 20.0
Pool None
Roof Type Flat / Low Pitch
Building
Water District - Public
Others
Tax ID 2653015044
Special Listing Condition Not Applicable
© 2025 MLSListings Inc. All rights reserved.
GET MORE INFORMATION
Dave Lucas
REALTOR® | Lic# 02092197