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Listed by Casey Picard, DRE #01921866 • Keller Williams Realty
$ 2,300,000
Est. payment /mo
New
14827 33 Blythe ST Los Angeles, CA 91402
0.33 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRP1-29435
Year Built 1956
Lot Size 0.330 Acres
Source California Regional MLS
Property Description
14827-14833 Blythe Street is a 12-unit apartment complex on two parcels on the north side of Blythe Street between Willis Avenue and Cedros Avenue in Panorama City. Built in 1956, the two six-unit buildings total 8,308 square feet on a combined 14,375 square foot lot zoned LAR3, each on its own APN.The unit mix is (8) one bedroom / one bathroom units of 650 square feet and (4) two bedroom / one bathroom units of 800 square feet. The buildings sit behind a secure gated entry, with a shared driveway running to 12 parking spaces and carports at the rear.Tenants pay electricity and gas; ownership pays water, sewer, and trash. Two on-site laundry rooms add $4,320 of annual income. Electrical panels have been updated and the SB721 report is complete.In-place rents average $1,324 for the one-bedrooms and $1,532 for the two-bedrooms, or$16,717 per month in total. Pro-forma rents of $1,750 and $2,250 are in line with the lease comparables and add $75,396 of annual gross income, a 37.6% lift.The property sits a short walk from the Van Nuys Boulevard retail corridor and Panorama Mall, with Kaiser Permanente about a mile north and Mission Community Hospital roughly half a mile west. SR-170 and I-405 are each about two miles out, and the Metro GLine at Van Nuys is roughly three miles south.
Location
State CA
County Los Angeles
Area Pc - Panorama City
Rooms
Kitchen None
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Laundry Area
Exterior
Parking Features Detached Garage
Garage Spaces 12.0
Pool 31, None
View None
Others
Tax ID 2209040002
Special Listing Condition Not Applicable
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