8924 Van Nuys, Panorama City CA 91402 | $3,165,000

This prime property boasts 18 well-appointed units, including 2 singles, 9 one-bedroom/one-bath, 4 two-bedroom/1.5-bath, 2 three-bedroom/two-bath, and 1 four-bedroom/2.5-bath units. Residents enjoy amenities, such as a refreshing swimming pool, convenient on-site laundry facilities, and secure on-site parking. Recently undergoing a soft story retrofit in 2021, this property offers a significant upside potential of approximately 83%, making it an ideal acquisition for savvy investors. Strategically located on Van Nuys Blvd, just south of Nordhoff, the apartments boast a Walk Score of 78, enabling residents to accomplish most errands on foot. Proximity to major freeways (405, 5, and 118), hospitals (Kaiser Permanente), and schools (Vista Middle School, Chase Elementary, and James Monroe High School) further enhances its appeal. With the upcoming East San Fernando Valley Light Rail Transit Project, featuring 11 stations along a 6.7-mile stretch (most on Van Nuys Blvd), the property will be conveniently positioned within a short walking distance to one of the stops at Van Nuys Blvd and Nordhoff St. Don't miss this exceptional opportunity to invest in a prime asset with tremendous growth potential.

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