CA > Panorama City
Panorama City, CA 91402,7910 Brimfield AVE
Panorama City, CA 91402,7910 Brimfield AVE
Panorama City, CA 91402,7910 Brimfield AVE
Panorama City, CA 91402,7910 Brimfield AVE
Panorama City, CA 91402,7910 Brimfield AVE
Panorama City, CA 91402,7910 Brimfield AVE
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Pirusha Qesja

Pirusha Qesja

+1(949) 413-4554
$ 2,215,000
Est. payment | /mo

16 Beds

14 Baths

9,094 SqFt

Save
$ 2,215,000
Est. payment | /mo
Save

16 Beds

14 Baths

9,094 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,094 sqft

Price per Sqft $243

MLS Listing ID 24456379

Bedrooms 16

HOA Y/N No

Year Built 1956

Lot Size 0.250 Acres

Property Description

Available to purchase for just $158,214 per unit, this represents one of the best values in the entire San Fernando Valley, offering an investor an inexpensive entry point into the sought-after Valley multifamily market. With current rents below market, a new owner can increase income dramatically while recapturing the approximately 59% in rent upside. The current owner has already completed all seismic retrofit repairs (Buyer to verify), allowing a new investor to benefit from both the $230,000 in brand new seismic upgrades as well as the monthly tenant surcharges that can be collected for the next five years. Much of the plumbing has been upgraded to copper pipes by the current owner as well. The property is set to benefit from several large projects in the development pipeline within Panorama City. On a 17-acre site just blocks from Brimfield Avenue, a potential 4.5-million square foot mixed-use campus is slated for the site of the existing Panorama Mall. Dubbed Panorama City Center, the project would include 125,000 square feet of retail space, 70,000 square feet of restaurant space, 90,000 square feet of entertainment space, and 146,000 square feet of open space. Perhaps the most noteworthy development project in the area is the upcoming East San Fernando Valley Light Rail Line, which will connect the Metro Orange Line, the Metrolink Train Line in Van Nuys, and the Metrolink Train Line in Sylmar/San Fernando. The majority of the new transit line will run along the median of Van Nuys Boulevard, with the Van Nuys Metrolink and the Roscoe Boulevard stations only blocks away from tenants at 7910 Brimfield Avenue. In addition to boosting commerce in the immediate area, it will also provide the benefit of more convenient transportation for the property's tenants.

Location

State CA

County Los Angeles

Area Pc - Panorama City

Zoning LAR3

Interior

Fireplace No

Exterior

Garage Assigned

Total Parking Spaces 14

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2209041002

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Roderick 'Rick' Raymundo • Marcus & Millichap
agent-avatar

My extensive experience in sales, a white glove customer service and my expansive network enables me to open doors for my clients on both sides of the property equation. In fact, I stay involved throughout all stages of the real estate process. I’ll guide you every step of the way, whether you’re looking to buy, sell or rent. Book your appointment today and let's OPEN a New Door!

+1(949) 413-4554

pirushahomes@gmail.com

4040 Barranca Pkwy, Irvine, CA, 92604

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7910 Brimfield AVE