Description​​​

Fantastic updated duplex and legal ADU in Panorama City near Panorama Mall and Plaza del Valle. The duplex features a 3Br + 1Ba unit and a 2Br + 1Ba, plus a Studio + 1Ba ADU. The duplex units were remodeled between 2019 & 2020 and the ADU was legalized in 2021. Tenants enjoy six open parking spaces, and a large 6,404 SF lot. As a bonus the owner pays ZERO utilities - water is billed back to tenants and units are separately metered. This is an excellent property at a great price point, and poised to appreciate long term.

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Location

Panorama City is a neighborhood in San Fernando Valley in close proximity to the 118, 405 & 5 FWYs, the Panorama Mall, The Plant in Van Nuys, and multiple shops, eateries and grocery stores. There are plans to redevelop and expand the Panorama Mall, providing new resources, jobs and economic empowerment to the community.  The subject property is located off Van Nuys Blvd between Roscoe and Nordhoff.

Property Highlights

• Duplex  + Legal ADU in Panorama City

• Great Location Near Panorama Mall, Plaza del Valle, and The Plant. 

• Duplex

  • Unit 1 3Br+1Ba (Appx 1,000 SF)​

  • Unit 2 Br+1Ba (Appx. 700 SF)

  • Renovated 2019-2020

• ADU

  • Studio + 1BA

  • Legalized in 2021

• 4 Open Parking Spaces

• Over $6k/Month in Monthly Income

• Low Expenses - Tenants Pay All Utiltiies