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21297732
21297739

14324 Roscoe Blvd, Los Angeles, CA 91402

Baboudjian Properties
Listed by Baboudjian Properties
$1,895,000
499 days on market
Updated 86 days ago

Roscoe Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,058
Units 8
Cap Rate 5.75%
NOI $108,905
Pro-Forma NOI $167,680
Year Built 1953
Buildings 1
Stories 2
Lot Size (SqFt) 8,367
Parking Spaces 7 spaces
Parking Per SqFt 1.16

Multifamily | 8 Units | $236,875/unit

Marketing description

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 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.

Investment highlights

  • Walking distance from nearby eateries and shopping

  • Centralized location - short distance from major freeways

  • Upgrades throughout several units

  • Well-maintained and easy to manage

  • Property has new sewer and water lines

  • Building has a recently replaced roof

Listing Contacts

Baboudjian Properties
Listed by Baboudjian Properties

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$108,905.00
$9,075.42/mo

Valuation Metrics

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DSCR
5.75%
Cap Rate
5.75%
ROI

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