8150 Sepulveda Place

    Panorama City, CA 91402
    • $1,125,000
    • STATUS: Active
    • ON SITE: 169 days
    • ID#: 19536516
    Price Reduced
    UPDATED: 18 min ago
    $1,125,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:

    School Ratings & Info

    Description

    *Principals Only* We are proud to present 8150 Sepulveda Pl, a 6 unit property in Panorama City. The building is located within walking distance to the Van Nuys Transit Corridor. The asset is 100% 2+1 units with approximately 62% rental upside. The building has all copper plumbing. There is a laundry room available on the property allowing an astute investor to increase the income on the property by adding laundry machines. Property has 6 gated parking spaces. The County Assessor has the legal address for the building as 8148 Sepulveda Pl but ZIMAS and LADBS show the address as 8150 Sepulveda Pl. 8.21 Market GRM, 9% Market Cap. Only $187,500/Unit.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-30T09:26:04.097. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

    www.sdluxe.com/homes/101695799

    8150 Sepulveda Place Panorama City, CA 91402

    • Price: $1,125,000
    • Status: Active
    • Updated: 18 min ago
    • ID#: 19536516
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1952
    Built
    Neighborhood:
    PC - Panorama City
    County:
    Los Angeles
    Area:
    PC - Panorama City
    Property Description
    *Principals Only* We are proud to present 8150 Sepulveda Pl, a 6 unit property in Panorama City. The building is located within walking distance to the Van Nuys Transit Corridor. The asset is 100% 2+1 units with approximately 62% rental upside. The building has all copper plumbing. There is a laundry room available on the property allowing an astute investor to increase the income on the property by adding laundry machines. Property has 6 gated parking spaces. The County Assessor has the legal address for the building as 8148 Sepulveda Pl but ZIMAS and LADBS show the address as 8150 Sepulveda Pl. 8.21 Market GRM, 9% Market Cap. Only $187,500/Unit.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 82789.00 Gross Multiplier 14.06 Gross Operating Income 85350.00 Net Operating Income 50049.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 33054.00 Vacancy Allowance Rate 0.00 Zoning Lar3

    Listing provided courtesy of Kelly Morgan of Keller Williams-Santa Monica


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-30T09:26:04.097. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

     
    Crudo & Associates | Willis Allen Real EstateLa Jolla
    1131 Wall St.
    La Jolla CA, 92037