9256 Wakefield Ave, Panorama City, CA 91402
10 Unit Apartment Building | $3,499,000 ($349,900/Unit) | 5.52% Cap Rate | Panorama City, CA 91402
For Sale
Active
42 pictures
Asking Price $3,499,000
- Property Type
-
Multifamily
- Square Feet
- 7,674 SF
Listing Contacts
- Property Info
Property Overview
NO RENT CONTROL. Great Investment Opportunity located in the heart of Panorama City. The property features 20 total beds, 20 baths and a unit mix of (6) two bedroom, two-bath units, (4) two-bedroom, two-bath unit plus loft (could be used as 3rd bedroom). Each unit averages $2,170 per month in rent and market rents average $2,500 per month, with an upside potential. Ample parking: there are 24 total parking spaces on site (2 per unit + 2 guest). First floor units have private patios. Both gas and electric are separately metered. Multiple upgrades to the property have been made. Central A/C & heating; Security Camera system; commercial water heater; exterior led lights, etc. This 10-unit complex is located on one of the most beautiful and coveted streets in Panorama City. The building is fully leased with very faithful tenants. SIGNIFICANT UPSIDE POTENTIAL IN RENT.
Property Details
- Class
- C
- Year Built
- 1987
- Stories
- 2
- Lot Size (sq. ft)
- 15,682 SF
- Units
- 10
Highlights
- NO RENT CONTROL
- SECURITY CAMERA SYSTEM
- EXTERIOR LED LIGHTS
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