• Broker Tony Azzi
  • Broker Kristen Sullivan 3109095459

14811 Parthenia St

12 Unit Apartment Building $4,724,412 CAD ($393,701 CAD/Unit) 5.25% Cap Rate Panorama City, CA 91402

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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!

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 $4,724,412 CAD
Price Per Unit $393,701 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 $2,863 CAD 850
3+2 3 $3,092 CAD 1,200
2+2 1 $2,829 CAD 1,000

PROPERTY TAXES

Parcel Number 2653-005-185 Improvements Assessment $98,600 CAD
Land Assessment $86,216 CAD Total Assessment $184,816 CAD

ZONING

Zoning Code LARD1.5

Map of 14811 Parthenia St Panorama City, CA 91402

ADDITIONAL PHOTOS

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