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.
To the fullest extent permissible pursuant to applicable law, this web site and the materials are provided on an "as is" and "as available" basis. LuxuryRealEstate.com expressly disclaims all warranties of any kind, whether expressed, implied, or statutory including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement. We do not warrant that this web site or the materials are completely error free, will operate without interruption, are compatible with all equipment and software configurations, free of viruses, errors, or other harmful components, or will otherwise meet your needs.