Lots & Land - Panorama City, CA photo 1
Lots & Land - Panorama City, CA photo 2
Lots & Land - Panorama City, CA photo 3

14721 Blythe Street
Panorama City, California, United States

Description

Located on Blythe Street in the ever improving Panorama City portion of the San Fernando Valley, this development opportunity stands as a cost-effective construction project for those looking to capture the tax saving benefits of the Qualified Opportunity Zone program. With the project serving as a Type-V construction 26 unit apartment complex with on-grade parking, the development will be delivered ready-to-issue at the Close of Escrow. With easy access to the approved Van Nuys BoulevardLight Rail (estimated completion of construction in 2027), a builder will have the opportunity to hold and cash-flow the investment per the QOZ guidelines or sell the project to a buyer looking for new construction product. With an ever increasing push for expanded California rent control laws, the asset will prove a desirable investment for buyers looking for less government restriction on their management practices. Along with the development's location near the future Van Nuys Boulevard Light Rail Line, the property is within close proximity to Walmart, Home Depot, Ross Dress for Less, Smart & Final, PetSmart, Regency Theaters, and Kaiser Permanente.

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Keller Williams Luxury Homes International

Keller Williams Luxury Homes International
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