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9147 Van Nuys Boulevard
Panorama City, California, United States

Appliances

Central Air Conditioning.

Flooring

Hardwood, Laminate.

Description

Located on Van Nuys Boulevard in Panorama City, California along the approved future East Valley Transit Corridor, this 21+1 apartment complex has been renovated with most units maintaining updated interiors and exteriors and offers a buyer to purchase an asset with huge 30% rental upside. With a unit mix of (14) - 2 bed / 2 bath , (7) - 1 bed / 1 bath, and non-conforming (1) - Studio / 1 bath unitsUpdates to the asset include updated entry, telecom systems, replacement of all windows,new wood paneling in courtyard, new awnings, updated units, replacement of a/c units, and gas shut off valves.Currently, there is a non-conforming studio with the opportunity to a legal 22nd unit (buyer to verify). Upon legalization, the unit will be designated as affordable and will maintain a 55-year period of affordability at 50% of Area Median Income. With the asset's great location within proximity to Kaiser Permanente and retailers, an owner is given a great investment forgrowth that will prove increased rental rates and improving demographics.

Presented by

Keller Williams Luxury Homes International

Keller Williams Luxury Homes International
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Main: +1 512 901 9600

Location

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