17951 Roscoe Blvd

Los Angeles CA 91325

4962 sq. ft.

7258 sq. ft.

Other

Currently for sale - view listing

Overview

We are pleased to present the opportunity to acquire 17951 Roscoe Blvd, a 6-unit apartment building located in the heart of Northridge, CA. Built in 1959, the building sits on a 7,258-sf lot with 4,962 sf of rentable space and consists of (4) 1Bed/1Bath, (1) 2 Bed/1Bath and (1) 3 Bed/2Bath units. The property provides tenants with gated entry and six gated parking spaces which can potentially be converted into ADUs, allowing to maximize the property's potential and generate additional income (Buyer to do their own investigation). To further enhance safety, a security camera system has been installed, providing an additional layer of protection. Recent capital improvements include 3 renovated units, a brand-new roof installed in 2023 with a 20-year warranty, new 60-gallon water heater, new windows, new electric entry gate, and new exterior paint. The buyer also has the opportunity to assume the current loan in the amount of $800,000 fixed at 3.4% until 2/2027 with $3,503.64 principal and interest payments boosting the cash-on cash return to a healthy 4.5%. Situated on Roscoe Blvd, in-between Zelzah Avenue and Lindley Avenue, the property enjoys proximity to a wealth of amenities, including shopping centers, dining options. It is also located less than 2 miles CSUN. Centrally located and with easy access to public transportation, tenants will appreciate the convenience of commuting to work or exploring the vibrant surrounding areas.