$9,950,000
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1.15 Acres Lot
SOLD DATE : 12/25/2022
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR22224053
Sold Date 12/25/22
HOA Y/N No
Year Built 1995
Lot Size 1.146 Acres
Property Sub-Type Apartment
Property Description
We pleased to present the rare opportunity to acquire a 33-unit multi-family investment in Panorama City, California. The property is located at 9075 Cedros Ave, Panorama City in Los Angeles County. This medium-sized multi-family Asset located in a market with solid demographics and high rental demansds area, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 8 one-bedroom units, 21 two-bedroom units, 4 three-bedroom units. This property offers value add and potential upside on rent for investors to invest an asset with well-maintained condition. The property was built in 1995, only subject to AB-1482. New paint is done recently. Existing loan is assumable at 4.05% interest rate!
Location
State CA
County Los Angeles
Area Pc - Panorama City
Zoning LARD1.5
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Lot Over 40000 Sqft
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2651012214
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Financing Assumed
Special Listing Condition Standard
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Bought with Hao Ding MacroReal Inv Grp Inc.