8820 Tobias Avenue

    Panorama City, CA 91402
    • $1,475,000
    • STATUS: Active
    • ON SITE: 136 days
    • ID#: PW18046861
    Price Reduced
    UPDATED: 22 min ago
    $1,475,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,143
      SQFT
    • $206
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    This 8 unit apartment complex presents a great opportunity for a future not only in terms of investments, but also with a tremendous rental upside. This property features 5 units with 1 bed/1 bath, 3 units with 2 beds/1 bath, 8 carports spot, a private gate accessible only with a remote, and a laundry unit. These 8 well maintained units are ready to be bought and administered professionally to maximize it's potential. Apart from the cute and updated interior, the building has recently been painted, roofed, and RETOFITTED. All tenants are aware of the sale and have been informed that new owner will more then likely increase rent.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-15T18:27:02.6. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/81151305

    8820 Tobias Avenue Panorama City, CA 91402

    • Price: $1,475,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: PW18046861
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    7,143
    SQFT
    $206
    $/SQFT
    1960
    Built
    Neighborhood:
    PC - Panorama City
    County:
    Los Angeles
    Area:
    PC - Panorama City
    Property Description
    This 8 unit apartment complex presents a great opportunity for a future not only in terms of investments, but also with a tremendous rental upside. This property features 5 units with 1 bed/1 bath, 3 units with 2 beds/1 bath, 8 carports spot, a private gate accessible only with a remote, and a laundry unit. These 8 well maintained units are ready to be bought and administered professionally to maximize it's potential. Apart from the cute and updated interior, the building has recently been painted, roofed, and RETOFITTED. All tenants are aware of the sale and have been informed that new owner will more then likely increase rent.
    Exterior Features

    Carport Spaces 8.00 Construction Materials FrameStucco Exterior Features Rain Gutters Fence YN Yes Fencing Good ConditionWrought Iron Foundation Details Raised Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarportCarport AttachedCarport DetachedGated Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Shingle View None View YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 900 Average1 Bed Area Units Square Feet Average2 Bed Area 1200 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Flooring Laminate Laundry Features CommunityDryer IncludedIndividual RoomWasher Included Levels Two Window Features Energy Star Windows

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.25 Community Features Suburban Country Us Electric Expense 1490.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 0.00 Gross Income 300.00 Gross Multiplier 13.71 Gross Scheduled Income 109248.00 Insurance Expense 2010.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 300.00 Laundry YN Yes Net Operating Income 80278.00 New Taxes Expense 11913.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Number Wall AC 8 Operating Expense 28970.00 Pool Expense 0.00 Professional Management Expense 0.00 Rent Control YN Yes Security Expense 0.00 Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 8841.00 Total Expenses 28970.00 Trash Expense 4419.00 Vacancy Allowance 1114 Vacancy Allowance Rate 1.00 Walk Score 77 Water Sewer Expense 9138.00 Water Source Public Zoning Lar3

    Listing provided courtesy of Emmanuel Gamboa of Century 21 Allstars.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-15T18:27:02.6. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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