8517 Cedros Ave | Panorama City, CA 91402
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- LoopNet Team
8517 Cedros Ave
Panorama City, CA 91402
Existing 6% Cap Rate! 8 Renovated 2bed/1 bath · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Large 7,168 SF Renovated 8 Units cash flowing at a 6% Cap Rate and 11.9 GRM from Day 1
- All Large 2 Bedroom 1 Bathroom units with Central AC
- Newer built in 1977 & Individually metered for Gas & Electricity
- Priced only at $320/SF for renovated units and further upside to 8.2% cap rate on the proforma
- 16 tandem parking spaces in the back covered carport
- Preliminary plans to add 3 ADUs to further improve the numbers
PROPERTY FACTS
| No. Units | 8 | Building Size | 9,566 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1977/2022 |
| Building Class | C | Parking Ratio | 2/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | R3, Los Angeles - LAR3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 9,566 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2022 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R3, Los Angeles - LAR3 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $1,936 | - |
PROPERTY TAXES
| Parcel Number | 2653-016-060 | Improvements Assessment | $915,552 |
| Land Assessment | $1,373,328 | Total Assessment | $2,288,880 |
PROPERTY TAXES
Parcel Number
2653-016-060
Land Assessment
$1,373,328
Improvements Assessment
$915,552
Total Assessment
$2,288,880
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