14245 Roscoe Blvd
Panorama City, CA 91402
9 Beds
6 Baths
4,644 Sq Ft
37 Days on Market
For Sale $1,200,000
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Courtesy of Compass

Listing Agent & Comments

Kenny StevensCompass
310-968-7005kenny@kennystevensteam.com License #01090251
Located just east of Van Nuys Blvd, 14245 Roscoe is a 6-unit value-add complex located 0.3 mile from Panorama Mall and 1 mile from The Plant Shopping Center. Primestor Development, which owns Panorama Mall (20-acre shopping center) plans to redevelop the property with approx. 4.5 million SF of residential, hotel, and other commercial uses. Pending approvals, Primestor would redevelop the mall in 4 phases over 20 years. The complex is comprised of (3) 2-bdrm. units and (3) 1-bdrm. units, and is offered at $200,000 per unit, $258 per foot, and 6.11% CAP & 10.49 GRM on current rents. This value-add opportunity presents approx. 30% rental upside, and a future investor can reach an 8.86% CAP and 8.09 GRM, by achieving projected market rents for renovated units in the area. Property amenities include gated parking with approx. 8 parking spaces and a sizeable yard for the front units. For those seeking additional opportunities, this property can be purchased individually or alongside 8135 Reseda, a 10-unit complex not subject to local rent control (1981), and offers approx. 25% rental upside, and is located across the street from Northridge Hospital. Please email or call LA1 for more information.

MLS# 24470653 • Data provided by CRMLS
Additional home details
Living Area4,644 Sq.Ft.
Lot Size8,703 Sq.Ft.
Total Rooms--
Bedrooms9
Bathrooms6
Stories1
Year Built1951
Property TypeMultifamily
ZoningLAR3
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$5,267
Property in Flood Zone--
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HouseCanary, Inc. Brokerage

14245 Roscoe Blvd., Panorama City, CA 91402

Multifamily
9 Beds
6 Baths
4,644 Sq Ft
37 Days on Market

Listing Agent & Comments

Kenny StevensCompass
310-968-7005kenny@kennystevensteam.com License #01090251
Located just east of Van Nuys Blvd, 14245 Roscoe is a 6-unit value-add complex located 0.3 mile from Panorama Mall and 1 mile from The Plant Shopping Center. Primestor Development, which owns Panorama Mall (20-acre shopping center) plans to redevelop the property with approx. 4.5 million SF of residential, hotel, and other commercial uses. Pending approvals, Primestor would redevelop the mall in 4 phases over 20 years. The complex is comprised of (3) 2-bdrm. units and (3) 1-bdrm. units, and is offered at $200,000 per unit, $258 per foot, and 6.11% CAP & 10.49 GRM on current rents. This value-add opportunity presents approx. 30% rental upside, and a future investor can reach an 8.86% CAP and 8.09 GRM, by achieving projected market rents for renovated units in the area. Property amenities include gated parking with approx. 8 parking spaces and a sizeable yard for the front units. For those seeking additional opportunities, this property can be purchased individually or alongside 8135 Reseda, a 10-unit complex not subject to local rent control (1981), and offers approx. 25% rental upside, and is located across the street from Northridge Hospital. Please email or call LA1 for more information.

MLS# 24470653 • Data provided by CRMLS
Additional home details
Living Area4,644 Sq.Ft.
Lot Size8,703 Sq.Ft.
Total Rooms--
Bedrooms9
Bathrooms6
Stories1
Year Built1951
Property TypeMultifamily
ZoningLAR3
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$5,267
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties and forecast
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $1,200,000
Request tour
Save
Courtesy of Compass
14245 Roscoe Blvd
Panorama City, CA 91402
9 Beds
6 Baths
4,644 Sq Ft
37 Days on Market

Listing Agent & Comments

Kenny StevensCompass
310-968-7005kenny@kennystevensteam.com License #01090251
Located just east of Van Nuys Blvd, 14245 Roscoe is a 6-unit value-add complex located 0.3 mile from Panorama Mall and 1 mile from The Plant Shopping Center. Primestor Development, which owns Panorama Mall (20-acre shopping center) plans to redevelop the property with approx. 4.5 million SF of residential, hotel, and other commercial uses. Pending approvals, Primestor would redevelop the mall in 4 phases over 20 years. The complex is comprised of (3) 2-bdrm. units and (3) 1-bdrm. units, and is offered at $200,000 per unit, $258 per foot, and 6.11% CAP & 10.49 GRM on current rents. This value-add opportunity presents approx. 30% rental upside, and a future investor can reach an 8.86% CAP and 8.09 GRM, by achieving projected market rents for renovated units in the area. Property amenities include gated parking with approx. 8 parking spaces and a sizeable yard for the front units. For those seeking additional opportunities, this property can be purchased individually or alongside 8135 Reseda, a 10-unit complex not subject to local rent control (1981), and offers approx. 25% rental upside, and is located across the street from Northridge Hospital. Please email or call LA1 for more information.

MLS# 24470653 • Data provided by CRMLS
Additional home details
Living Area4,644 Sq.Ft.
Lot Size8,703 Sq.Ft.
Total Rooms--
Bedrooms9
Bathrooms6
Stories1
Year Built1951
Property TypeMultifamily
ZoningLAR3
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$5,267
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties and forecast
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $1,200,000
Request tour
Save
Courtesy of Compass