Property Detail

Description

The two-story home has 6 bedrooms and 4 bathrooms. City records show only 2 bedrooms and 2 bathrooms.) This prime 0.41-acre parcel in Panorama City offers extraordinary value-add potential. The owner is living in one room and rents the other 5 rooms to tenants. Currently, monthly rental income is $3,800. The new buyer can rent the owner's unit for $800, plus the garage with kitchen for $1,000; this can bring additional income of $1,800 or more. The potential income total is $5,600 per month. The Land Area is huge: 17,917 sq. ft. (0.41 Acres) | Dimensions: 104' x 171' Current Zoning: LA RA-1. The property can benefit from strategic state housing laws and transit positioning that unlock multiple avenues for high-yield deployment; see attached documents for more details.