8827 Van Nuys Blvd

Panorama City, CA 91402

$3,360,000

Sold Price
14

bed Beds

13

shower Baths

8,699 sqft

straighten $386 sqft

2019

calendar_month Built

Property Description

We are pleased to present this brand new construction 9-unit multifamily property in Panorama City, California. Built in 2022, this property is complete free of all rent control. Also, the property is currently 100% vacant and located in an opportunity zone. This 8,699 square foot apartment building sits on a 0.19 acre lot, and it boasts a strong unit mix of (5) 1 Bed / 1 Bath units, (3) 2 Bed / 2 Bath units, and (1) 3 Bed / 2 Bath unit. All of these brand new units are large, bright and spacious units that offer the tenants all modern amenities including tall ceiling heights, hardwood floors, central AC, all new kitchens with modern appliances and cabinetry, washer/dryer inside each unit, private balconies with views, and individual water heaters. The property also provides ample on-grade, tuck under parking for all tenants which is located safely behind the gated entrance/driveway. This brand new construction property will have extremely expenses for the buyer. Because it is separately metered for all utilities, including water, the buyer will only be responsible to pay for the small amount of common areas utilities. Furthermore, since this is a brand new building with all major systems on warranty, there will be very little repairs & maintenance, and completely free of all rent control, in a strong rental pocket of the San Fernando Valley.

Listing Information

Address 8827 Van Nuys Blvd
City Panorama City
State CA
Zip 91402
County Los Angeles
Listing Agent Haik Bokhchalian DRE #01325511
Courtesy Of JohnHart Real Estate
MLS 22123331
Close Price $3,360,000
Status Sold
Type Apartment
Structure Size 8,699 sqft
Lot Size 8,138 sqft
Year Built 2019

Maps

Listing information courtesy of: Haik Bokhchalian, JohnHart Real Estate. *Based on information from the Association of REALTORS/Multiple Listing as of 04/26/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.