14811 Parthenia St
12 Unit Apartment Building $4,758,600 CAD ($396,550 CAD/Unit) 5.25% Cap Rate Panorama City, CA 91402
INVESTMENT HIGHLIGHTS
- This property is located walking distance from the Icon Center Panorama City!
- Building Features On-Site Laundry & Gated Parking!
- Great Unit Mix Comprised of Two and Three Bedroom Units!
EXECUTIVE SUMMARY
• Long-Term Investors will Enjoy Heightened Location Desirability, Premium Rents & Ultimately Higher Property Values from the Icon at Panorama City - a Proposed +/-
584,000 SF Mixed-Use Development Located Nearby 14811 Parthenia Street!
• Great Unit Mix Comprised of Two and Three Bedroom Units!
• Building Features On-Site Laundry & Gated Parking!
• Centrally Located East of the 405 Freeway, West of the 170 Freeway & North of the 101 Freeway!
• Plenty of Dining, Shopping & Entertainment Venues Nearby on Roscoe Boulevard!
584,000 SF Mixed-Use Development Located Nearby 14811 Parthenia Street!
• Great Unit Mix Comprised of Two and Three Bedroom Units!
• Building Features On-Site Laundry & Gated Parking!
• Centrally Located East of the 405 Freeway, West of the 170 Freeway & North of the 101 Freeway!
• Plenty of Dining, Shopping & Entertainment Venues Nearby on Roscoe Boulevard!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $4,758,600 CAD |
| Price Per Unit | $396,550 CAD |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| Gross Rent Multiplier | 12.89 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 11,403 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 2.1/1,000 SF |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $2,884 CAD | 850 |
| 3+2 | 3 | $3,115 CAD | 1,200 |
| 2+2 | 1 | $2,849 CAD | 1,000 |
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PROPERTY TAXES
| Parcel Number | 2653-005-185 | Improvements Assessment | $98,571 CAD |
| Land Assessment | $86,190 CAD | Total Assessment | $184,760 CAD |
ZONING
| Zoning Code | LARD1.5 |
