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$ 2,300,000
Est. payment /mo
New
14827-33 Blythe Street Los Angeles, CA 91402
6 Beds
4 Baths
0.33 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-29435
Bedrooms 6
Lot Size 0.330 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
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
State CA
County Los Angeles
Zoning Assessor
Direction Located on Blythe Street West of Van Nuys Boulevard
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 2209040002
Acceptable Financing Cash
Listing Terms Cash
Listed by Casey Picard, DRE#01921866 Keller Williams Realty