7910 Brimfield Avenue

Panorama City, CA 91402

  • 16 Bed(s)
  • 0 Bath(s)
  • 9,094 Sqft
  • 10913
    Sqft(Lot)
$2,215,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47571581

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Property Details

  • Bedroom Information

    • Total Bedrooms : 16

    Bathroom Information

    • Total Baths: 14
    • Full Baths: 0
    • Half Baths: 0

  • Building Information

    • Year Built: 1956
    • Building Area Total: 9,094

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2505
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 10913

  • Listing Price Information

    • Original List Price: 2,215,000
    • Listing Contract Date: 2024-11-06

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2209041002

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: PC - Panorama City
    • Directions: We are pleased to announce the opportunity to purchase 7910 Brimfield Avenue, a 14-unit multifamily property located in Panorama City, CA.
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: PC - Panorama City

    Building and Construction

    • Property Age: 68
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 9094
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/21/2024 @ 13:00

  • MLS: 24456379
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 16 bedrooms which is for sale, it has 9,094 sqft, 10,913 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Panorama City , in zip code 91402, this Los Angeles County Home are nearby neighborhoods.