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8924 Van Nuys Blvd, Panorama City, CA 91402

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For Sale
Sale Pending

$3,165,000

26 beds • 15,670 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $201.98
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This prime property boasts 18 well-appointed units, including 2 singles, 9 one-bedroom/one-bath, 4 two-bedroom/1.5-bath, 2 three-bedroom/two-bath, and 1 four-bedroom/2.5-bath units. Residents enjoy amenities, such as a refreshing swimming pool, convenient on-site laundry facilities, and secure on-site parking. Recently undergoing a soft story retrofit in 2021, this property offers a significant upside potential of approximately 83%, making it an ideal acquisition for savvy investors. Strategically located on Van Nuys Blvd, just south of Nordhoff, the apartments boast a Walk Score of 78, enabling residents to accomplish most errands on foot. Proximity to major freeways (405, 5, and 118), hospitals (Kaiser Permanente), and schools (Vista Middle School, Chase Elementary, and James Monroe High School) further enhances its appeal. With the upcoming East San Fernando Valley Light Rail Transit Project, featuring 11 stations along a 6.7-mile stretch (most on Van Nuys Blvd), the property will be conveniently positioned within a short walking distance to one of the stops at Van Nuys Blvd and Nordhoff St. Don't miss this exceptional opportunity to invest in a prime asset with tremendous growth potential.
MLS# 24-463353

Courtesy Of RE/MAX Commercial & Investment

(213) 817-1000

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Cooling System
    Wall Unit(s) A/C
  • Lot Size
    0.34 Acres

Map and Directions

Directions to 8924 Van Nuys Blvd, Panorama City, CA 91402

Home seller CENTURY 21 Real Estate Alliance

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CENTURY 21 Real Estate Alliance

(818) 892-9314
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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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