14735 Blythe Street, Panorama City, CA 91402
Property
Sold December 2023
Listing Agent: Jason Tuvia (DRE #01772495) · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Jason Tuvia · Marcus & Millichap · MLS #23319953 · Source: CRMLS
About this property
We are pleased to present a twenty (20) unit apartment building located at 14735 Blythe Street in Van Nuys (Panorama City), California. The subject property is located in a solid Van Nuys location, south of Roscoe Boulevard and west of Van Nuys Boulevard. Built in 1958, this property contains a great unit mix of eight (8) one-bedroom / one-bathroom units and twelve (12) two-bedroom / one-bathroom units. Three (3) units have subsidized rent through LA Family Housing (LAFH) and Brilliant Corners. The property is in an opportunity zone that goes street-to-street from Blythe to Strathern with gated access to ample on-site carport parking available from the entrance on Strathern. Tenants will appreciate being on the border of Panorama City, across the street from the Cardenas Youth Park and right down the street from The Plant Shopping Center with numerous well known anchor tenants. Several new developments are continuing to line the nearby commercial corridors on Roscoe Boulevard and Van Nuys Boulevard. One of these new developments include the 180-unit housing complex at 14545 Lanark Street which is now under construction. Situated in a solid Van Nuys location on the border of Panorama City, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential for a rare, mid-size asset in an opportunity zone for additional tax benefits.
Listing description from the December 2023 sale, as reported to CRMLS.
Sale history