14827 33 Blythe Street
Property Overview
14827-14833 Blythe Street is a 12-unit apartment complex on two parcels on the north side of Blythe Street between Willis Avenue and Cedros Avenue in Panorama City. Built in 1956, the two six-unit buildings total 8,308 square feet on a combined 14,375 square foot lot zoned LAR3, each on its own APN.The unit mix is (8) one bedroom / one bathroom units of 650 square feet and (4) two bedroom / one bathroom units of 800 square feet. The buildings sit behind a secure gated entry, with a shared driveway running to 12 parking spaces and carports at the rear.Tenants pay electricity and gas; ownership pays water, sewer, and trash. Two on-site laundry rooms add $4,320 of annual income. Electrical panels have been updated and the SB721 report is complete.In-place rents average $1,324 for the one-bedrooms and $1,532 for the two-bedrooms, or$16,717 per month in total. Pro-forma rents of $1,750 and $2,250 are in line with the lease comparables and add $75,396 of annual gross income, a 37.6% lift.The property sits a short walk from the Van Nuys Boulevard retail corridor and Panorama Mall, with Kaiser Permanente about a mile north and Mission Community Hospital roughly half a mile west. SR-170 and I-405 are each about two miles out, and the Metro GLine at Van Nuys is roughly three miles south.
Home Details
- Property type
- Residential Income
- Year built
- 1956
- Lot size
- 14,375 sq ft
- Parking
- 12 spaces
- Days on market
- 0
- MLS status
- Active
- Zoning
- LAR3
Features & Amenities
Parking
- Detached Carport
Pool
- None
Lot
- Sprinklers None
Community, Schools & Utilities
Community
- Subdivision
- Not Applicable
- View
- None
Utilities
- Heating
- WallFurnace
- Cooling
- WallWindowUnits
Location & Neighborhood
Frequently Asked Questions About 14827 33 Blythe Street
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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