Residential Income - Panorama City, CA

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.