14830 Parthenia St Panorama City, CA 91402
Estimated payment $10,188/month
Highlights
- No HOA
- Laundry Room
- 4-minute walk to Sepulveda Recreation Center
- Valley Academy of Arts & Sciences Rated A-
- Carpet
About This Home
Owner retiring priced to sell. Owner might carry financing with min of 25% to 30% down 3- to 5 years interest only at amazing rate
Excellent to add one or two ADU and still have lots of parking.
This 4,724 sq. ft. multifamily apartment building offers a compelling investment opportunity in the heart of Panorama City. Built in 1976,
the property comprises 9 one-bedroom, one-bathroom units, each featuring spacious floor plans. The building is situated on a 0.20-acre
lot, providing ample space for residents. With a 100% occupancy rate, this property demonstrates strong rental demand and consistent
income potential.
Located between Sepulveda and Van Nuys on Parthenia, the property offers convenient access to major freeways, including the 405, 170,
and 101. Residents benefit from proximity to the Sepulveda Recreation Center, North Hills Park, Walmart, Panorama Mall, and the LA
Kings Valley Ice Center. The neighborhood boasts a walk score of 66, indicating a somewhat walkable environment, and a transit score of
52, reflecting good public transportation options.
With a fully leased status and a strong rental demand in the area, this property presents a stable income-generating asset. The combina-
tion of its strategic location, well-maintained units, and favorable financial metrics makes it an attractive option for investors seeking
long-term growth and consistent cash flow.
Listing Agent
Re/Max Tri-City Realty Brokerage Phone: 818-636-8899 License #00751703 Listed on: 07/22/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1976
Lot Details
- 8,492 Sq Ft Lot
- 1 Common Wall
- Density is 6-10 Units/Acre
Parking
- 9 Open Parking Spaces
- 11 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
- Flat Roof Shape
Interior Spaces
- 4,724 Sq Ft Home
- 2-Story Property
- Laundry Room
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Utilities
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 12
- Tax Tract Number 3018
- Assessor Parcel Number 2653015044
- $1,211 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 9 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $8,000
- Insurance Expense $4,600
- Trash Expense $5,304
- Water Sewer Expense $7,000
- Operating Expense $48,749
- Gross Income $123,000
- Net Operating Income $73,735
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Price Changed | $1,610,000 | -5.0% | $341 / Sq Ft |
| 07/22/2025 07/22/25 | For Sale | $1,695,000 | +101.8% | $359 / Sq Ft |
| 06/27/2013 06/27/13 | Sold | $840,000 | +93337.2% | $178 / Sq Ft |
| 06/27/2013 06/27/13 | Pending | -- | -- | -- |
| 01/01/2013 01/01/13 | For Sale | $899 | -- | $0 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD25164884
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Based on information from California Regional Multiple Listing Service, Inc. 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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