8517 Cedros Avenue , #8

    Panorama City, CA 91402
    • $1,550,000
    • STATUS: Active
    • ON SITE: 173 days
    • ID#: SR18151062
    UPDATED: 29 min ago
    $1,550,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,168
      SQFT
    • $216
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    This eight unit apartment building features all 2/1 units with 16 parking spaces. This property offers long term investment returns on a consistent basis. Laundry room, all units have their meters, and a steady flow of tenants surround the area. Close to shopping areas, especially a new complex under construction down the street, this location is close most work locations. Tremendous upside on the rental income.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T11:26:58.29. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/84984397

    8517 Cedros Avenue , #8 Panorama City, CA 91402

    • Price: $1,550,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: SR18151062
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    7,168
    SQFT
    $216
    $/SQFT
    1977
    Built
    Neighborhood:
    PC - Panorama City
    County:
    Los Angeles
    Area:
    PC - Panorama City
    Property Description
    This eight unit apartment building features all 2/1 units with 16 parking spaces. This property offers long term investment returns on a consistent basis. Laundry room, all units have their meters, and a steady flow of tenants surround the area. Close to shopping areas, especially a new complex under construction down the street, this location is close most work locations. Tremendous upside on the rental income.
    Exterior Features

    Garage Spaces 16.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 16.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Flooring Tile Laundry Features Outside Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Elevation Units Feet Gross Income 9201.00 Gross Scheduled Income 110412.00 Insurance Expense 2400.00 Land Lease YN No Laundry YN Yes Net Operating Income 85144.00 New Construction YN No New Taxes Expense 12968.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 8 Number Of Units Leased 8 Operating Expense 25268.00 Professional Management Expense 1800.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 9201.00 Total Expenses 25268.00 Trash Expense 8100.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Jerry Fernandez of Empower Mortgage Services.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T11:26:58.29. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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