14924 Roscoe Boulevard is a 17-unit 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 three bachelor units, six one-bedroom units, seven two-bedroom units and one three-bedroom townhouse
Located within a newly established Qualified Opportunity Zone for investment, established by the Tax Cuts and Jobs Act, Section 1400Z. The new section 1400Z allows any taxpayer to defer paying tax on capital gains from the sale of property if those gains are timely invested in a Qualified Opportunity Fund (QOF) which, in turn, must invest 90 percent of its assets in businesses located or property used in designated
Located on a 17,070 square foot lot; current zoning is R3-1
12 total parking spaces on the side and rear of the property, all LA City Retro-fit work has been completed by the Seller
Significant rental upside when the units turn with a pro forma CAP rate of 6.61%; current loss to lease of 27% provides an investor a value-add opportunity through further renovations
The subject property has security cameras on-site and is within walking distance to many shopping, retail and entertainment options on Van Nuys Boulevard as well as Sepulveda Boulevard
14924 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
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