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Owner retiring priced to sell. Owner might carry financing with min of 25% to 30% down 3- to 5 years interest only at amazing rate Excellent to add one or two ADU and still have lots of parking. This 4,724 sq. ft. multifamily apartment building offers a compelling investment opportunity in the heart of Panorama City. Built in 1976, the property comprises 9 one-bedroom, one-bathroom units, each featuring spacious floor plans. The building is situated on a 0.20-acre lot, providing ample space for residents. With a 100% occupancy rate, this property demonstrates strong rental demand and consistent income potential. Located between Sepulveda and Van Nuys on Parthenia, the property offers convenient access to major freeways, including the 405, 170, and 101. Residents benefit from proximity to the Sepulveda Recreation Center, North Hills Park, Walmart, Panorama Mall, and the LA Kings Valley Ice Center. The neighborhood boasts a walk score of 66, indicating a somewhat walkable environment, and a transit score of 52, reflecting good public transportation options. With a fully leased status and a strong rental demand in the area, this property presents a stable income-generating asset. The combina- tion of its strategic location, well-maintained units, and favorable financial metrics makes it an attractive option for investors seeking long-term growth and consistent cash flow.
Property Type(s):
Residential Income
| Last Updated | 8/12/2025 | Year Built | 1976 |
|---|---|---|---|
| Community | PC - Panorama City | Garage Spaces | 11.0 |
| County | Los Angeles |
Price History
| Prior to Aug 12, '25 | $1,695,000 |
|---|---|
| Aug 12, '25 - Today | $1,610,000 |
Additional Details
| AREA | PC - Panorama City |
|---|---|
| GARAGE | Yes |
| LOT | 8490 sq ft |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Natural Gas Connected, Sewer Connected, Water Connected |
| WATER | Public |
Location
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Listed with Re/Max Tri-City Realty
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