Property listed by Baboudjian Properties Inc., Jack Baboudjian 626-657-7575
$1,950,000
The Roscoe Apartments is located in Panorama City, and a prime investment opportunity in today’s market. The building is within walking distance of shopping and eateries in the city, and situated just a short distance from major freeways – making it a quick drive to Sherman Oaks, Studio City and… Read More Burbank. The apartment complex has 8 units in total and features an ideal unit mix. The property consists of four 2 bedroom 1 bathroom units, and four 1 bedroom 1 bathroom units. There have also been some major upgrades to the building itself including the property being fully re-piped with new water and sewer lines in 2020, the installation of EQ shut-off valves, and roof replacement in recent years. There have also been various upgrades to the units and the exterior aesthetic of the property as well. This property is not only the ideal investment for a seasoned buyer but also an opportunity for a first-time buyer looking for a well-maintained multifamily rental property. Read Less
Listing Snapshot
Days Online
22
Last Updated
Property Type
Apartment
Lot Size
0.19 Acres
Year Built
1953
MLS Number
GD25178462
30 Days Snapshot Of 91402
$593k
-12%
(avg) sold price
8
-50%
homes sold
109
+51%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1953, Building area total: 6,058, 1 building, Common walls: NoCommonWalls
Community
Curbs
Expenses
Electric expense: $750, Fuel expense: $339, Gardener expense: $1,440, Insurance expense: $8,063, Maintenance expense: $5,175, New taxes expense: $23,393, Operating expense: $49,284, Water sewer expense: $10,122
Garage
6 spaces
Income
Gross income: $157,068, Net operating income: $107,783
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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