Property Details
Executive Summary
14949 Roscoe Boulevard is a 25-unit non-rent control investment opportunity located in the heart of the Valley, Panorama City; between Sepulveda Boulevard and Van Nuys Boulevard, a location that provides tenant’s with easy access to the 405 Freeway and Ventura County Metro line
The subject property features a two-story building consisting of four single units, 20 one-bedroom units, and one two-bedroom unit; many of the units have a balcony
Located on a 21,154 square foot lot, current zoning is R3-1
29 total parking spaces, includes four 2-car garages and 21 additional spaces at the rear of the property; no soft-story work is required
Value-add opportunity that gives an investor the opportunity to capture the 17% rental upside immediately as a non-rent control asset
The subject property has a secure, gated entrance and on-site laundry for tenants to use; low utilities as gas and electric are separately metered
14949 Roscoe Boulevard is located in a densely populated rental submarket of Panorama City with over 330,000 people living within a three-mile radius; the subject property is located just two miles from the Van Nuys Airport
