$ 899,000
-
$899,000
Price -
5
Bed -
2
Bath -
1,794
SqFt
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About the Listing X78526 - X46916
Excellent opportunity to acquire a well-maintained duplex in the heart of Panorama City, centrally located within the San Fernando Valley with convenient access to major freeways, shopping centers, schools, and employment hubs. The property consists of two spacious units, including a 3-bedroom, 1-bathroom unit currently generating $2,995/month featuring a private yard and in-unit laundry, and a 2-bedroom, 1-bathroom unit generating $2,250/month with a welcoming front porch. Additional income is generated from parking at $155/month. The property offers strong fundamentals with no subsidized tenancy and professional management in place, providing ease of ownership and operational stability, and is offered at an attractive 5.31% CAP rate.The lot includes a detached 2-car garage located at the rear, presenting excellent ADU potential for additional income or future value enhancement (buyer to verify). There are also three driveway parking spaces without the need to utilize the garage, adding further convenience for tenants. Both units are equipped with tankless water heaters, improving efficiency and reducing operating costs.Situated in a high-demand rental market, Panorama City continues to benefit from its central location, proximity to the 405, 5, and 170 freeways, nearby retail such as Panorama Mall, and ongoing neighborhood growth. This asset presents an ideal opportunity for investors seeking stable cash flow with upside potential through ADU development or rental increases. -- PHOTOS FROM PRIOR TO TENANTS OCCUPIED UNITS --
Listing Highlights
Status
Active
Days on Site
24
Property Type
Multi-Family
MLS ®
26691831
Year Built
1948
Total Square Footage
1,794
Lot/Acreage
0.15
County
Los Angeles
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances: Built-In Gas
- Air Cond:
- Heating: Natural Gas,Wall
- Fireplaces:
- Floor: Mixed
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: 2 car
- Parking Spaces: 5
- Lot Dimensions: 61x105
- Zoning: LAR2
- Roof: Composition,Shingle
- Others:
- Sewer: In Street
- Parking Features: Assigned,Driveway,On street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
8837 Tilden Ave Panorama City, CA 91402
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