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Kenneth Lamm

kennylamm4re@sbcglobal.net +1(818) 414-5833

$ 2,300,000

Est. payment -/mo

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14827 33 Blythe ST Los Angeles, CA 91402

0.33 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-29435

HOA Y/N No

Year Built 1956

Lot Size 0.330 Acres

Property Description

14827-14833 Blythe Street is a 12-unit apartment complex on two parcels on the north side of Blythe Street between Willis Avenue and Cedros Avenue in Panorama City. Built in 1956, the two six-unit buildings total 8,308 square feet on a combined 14,375 square foot lot zoned LAR3, each on its own APN.The unit mix is (8) one bedroom / one bathroom units of 650 square feet and (4) two bedroom / one bathroom units of 800 square feet. The buildings sit behind a secure gated entry, with a shared driveway running to 12 parking spaces and carports at the rear.Tenants pay electricity and gas; ownership pays water, sewer, and trash. Two on-site laundry rooms add $4,320 of annual income. Electrical panels have been updated and the SB721 report is complete.In-place rents average $1,324 for the one-bedrooms and $1,532 for the two-bedrooms, or$16,717 per month in total. Pro-forma rents of $1,750 and $2,250 are in line with the lease comparables and add $75,396 of annual gross income, a 37.6% lift.The property sits a short walk from the Van Nuys Boulevard retail corridor and Panorama Mall, with Kaiser Permanente about a mile north and Mission Community Hospital roughly half a mile west. SR-170 and I-405 are each about two miles out, and the Metro GLine at Van Nuys is roughly three miles south.

Location

State CA

County Los Angeles

Area Pc - Panorama City

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Detached Carport

Fence Chain Link, Wrought Iron

Pool None

Community Features Sidewalks

View Y/N No

View None

Total Parking Spaces 12

Private Pool No

Building

Lot Description Sprinklers None

Others

Senior Community No

Tax ID 2209040002

Energy Description 600.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Casey Picard Keller Williams Realty #01921866

NEARBY SCHOOLS & PROPERTIES

Kenneth Lamm

Advisor License ID: 01101162

+1(818) 414-5833

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