Property Details

Year Built: 1979
Units: 25
Price / Unit: $212,000
Price / SqFt: $333
CAP: 4.18%
GRM: 13.01

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

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