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    8248 Sepulveda Pl

    Panorama City, CA 91402
    • $7,350,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: 20-656516
    UPDATED: 160 min ago
    $7,350,000
    • 58
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 27,903
      SQFT
    • $263
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2013
    County:

    School Ratings & Info

    Description

    The subject property is a secured, 17 unit, 2013 constructed, non-rent controlled apartment complex located in the Panorama City submarket of Los Angeles. Situated on Sepulveda Place just east of the 405 and south of Roscoe Blvd, this recently constructed building has massive units and an incredible unit mix, built as condos with a tentative tract map in place. The property boasts two 2 bedroom, 2 bathroom units with dens, eight 3 bedroom, 2 bath units and seven 4 bedroom, 2 bathroom units. The densely populated location ensures expeditious lease-up and the large, luxurious units allow for tenant comfort and investor stability. The improvements are built on a 12,900 square foot lot with a total rentable square footage of 27,903.There are 38, on-grade, gated parking spaces and every unit has washer/dryer hookups. Each well maintained unit is individually metered for gas, electricity and WATER. All tenants have access to a gated rooftop deck with incredible city views.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T23:44:08.79. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111729702
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    8248 Sepulveda Pl Panorama City, CA 91402

    • Price: $7,350,000
    • Status: Active
    • Updated: 160 min ago
    • ID#: 20-656516
    58
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    27,903
    SQFT
    $263
    $/SQFT
    2013
    Built
    Neighborhood:
    Panorama City
    County:
    Los Angeles
    Area:
    Panorama City
    Property Description
    The subject property is a secured, 17 unit, 2013 constructed, non-rent controlled apartment complex located in the Panorama City submarket of Los Angeles. Situated on Sepulveda Place just east of the 405 and south of Roscoe Blvd, this recently constructed building has massive units and an incredible unit mix, built as condos with a tentative tract map in place. The property boasts two 2 bedroom, 2 bathroom units with dens, eight 3 bedroom, 2 bath units and seven 4 bedroom, 2 bathroom units. The densely populated location ensures expeditious lease-up and the large, luxurious units allow for tenant comfort and investor stability. The improvements are built on a 12,900 square foot lot with a total rentable square footage of 27,903.There are 38, on-grade, gated parking spaces and every unit has washer/dryer hookups. Each well maintained unit is individually metered for gas, electricity and WATER. All tenants have access to a gated rooftop deck with incredible city views.
    Exterior Features

    Lot Size Area 12901 Other Structures None Parking Garage None Total Parking 38

    Interior Features

    Baths Total 34.00 Cooling Air Conditioning Equipment None Heating Central

    Property Features

    Assessed Total Value 5135410 Gross Income 447600 Gross Operating Income 434172 Like Units1 7 Like Units2 8 Like Units3 2 Net Operating Income 279154.00 Number Of Buildings 1 Number Of Units 17 Rent Control YN No Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 155018 Type Of Units Condos Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Morgan Mcmullin DRE#01716570 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T23:44:08.79. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211