CA > Panorama City
Panorama City, CA 91402,14245 Roscoe Blvd
Panorama City, CA 91402,14245 Roscoe Blvd
Panorama City, CA 91402,14245 Roscoe Blvd
8
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$1,200,000
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9 BD
6 BA
4,644 SqFt
Active

14245 Roscoe Blvd Panorama City, CA 91402

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Dallas Baker

Dallas Baker

+1(424) 243-7444

UPDATED:

12/17/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,644 sqft

Price per Sqft $258

MLS Listing ID 24-470653

Bedrooms 9

Year Built 1951

Lot Size 8,702 Sqft

Property Description

Located just east of Van Nuys Blvd, 14245 Roscoe is a 6-unit value-add complex located 0.3 mile from Panorama Mall and 1 mile from The Plant Shopping Center. Primestor Development, which owns Panorama Mall (20-acre shopping center) plans to redevelop the property with approx. 4.5 million SF of residential, hotel, and other commercial uses. Pending approvals, Primestor would redevelop the mall in 4 phases over 20 years. The complex is comprised of (3) 2-bdrm. units and (3) 1-bdrm. units, and is offered at $200,000 per unit, $258 per foot, and 6.11% CAP & 10.49 GRM on current rents. This value-add opportunity presents approx. 30% rental upside, and a future investor can reach an 8.86% CAP and 8.09 GRM, by achieving projected market rents for renovated units in the area. Property amenities include gated parking with approx. 8 parking spaces and a sizeable yard for the front units. For those seeking additional opportunities, this property can be purchased individually or alongside 8135 Reseda, a 10-unit complex not subject to local rent control (1981), and offers approx. 25% rental upside, and is located across the street from Northridge Hospital. Please email or call LA1 for more information.

Location

State CA

County Los Angeles

Area Panorama City

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall, Other

Cooling Wall/Window

Equipment Other

Laundry Community, Room

Exterior

Parking Features Gated

Garage Spaces 8.0

View Y/N No

View None

Building

Story 1

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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+1(424) 243-7444

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14245 Roscoe Blvd