Residential Income – 9237 Wakefield Ave, Panorama City, CA 91402, USA -001-11-30T00:00:00-08:00
BRAND NEW 2017 CONSTRUCTION. Property is comprised of 12 detached SFR homes, each approximately 1,850 sq.ft with 4 bedrooms and 3.5 bathrooms and two-car direct-access garages. Many luxury finishes, including: laminate wood flooring, quartz counters in kitch
9237 Wakefield Ave, Panorama City, CA 91402, USA
$7,600,000 USD
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Address9237 Wakefield Avenue, Panorama City
Price$7,600,000
Year Built2017
Bedrooms Total0
Living Area22,200 ft2
Lot Size (Sq.Ft.)31,500
Listing IDPW17274508
StatusActive
Parcel Number2639008018
Special ConditionsStandard
Days on Market39

Detailed Description: BRAND NEW 2017 CONSTRUCTION. Property is comprised of 12 detached SFR homes, each approximately 1,850 sq.ft with 4 bedrooms and 3.5 bathrooms and two-car direct-access garages. Many luxury finishes, including: laminate wood flooring, quartz counters in kitchen and bathrooms, shaker cabinets with soft-close drawers, Grohe plumbing fixtures, glass mosaic tile backsplashes, and stainless steel appliance package. The property is conveniently situated near many retail, dining, and entertainment options. Nearby Sepulveda Recreation Center, Hansen Dam Recreation Center, and Sepulveda Basin Recreation Area offer hundreds of acres of open space, including large grassy areas, playgrounds, sports and swimming facilities, and paths for walking and biking. Central location near the 5,405,210,118, and 170 Freeways as well as Metrolink stations means convenient access throughout The Valley and Greater Los Angeles. The property is in the final stages of construction and CofO is expected by the end of February 2018.

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Address Information
Address9237 Wakefield Avenue, Panorama City
Street SuffixAvenue
CityPanorama City
Location (MLS Area)PC – Panorama City
County Or ParishLos Angeles
State or ProvinceCA
Postal Code91402
CountryUS
Financial Information
Price per Square Foot$342.34
Price per Lot Square Foot$241.27
Price per Unit$633,333
Special ConditionsStandard
Total Expenses$21,384
Professional Management Expense$4,824
Operating Expense$105,896
Insurance Expense$3,000
Trash Expense$5,200
Gross Operating Income$467,928
Gross Scheduled Income$482,400
Net Operating Income$376,504
Gross Multiplier15.8%
Tax Year2000
Tax Lot111
New Taxes Expense$83,600
Full Descriptions
Parcel Number2639008018
Detailed DescriptionBRAND NEW 2017 CONSTRUCTION. Property is comprised of 12 detached SFR homes, each approximately 1,850 sq.ft with 4 bedrooms and 3.5 bathrooms and two-car direct-access garages. Many luxury finishes, including: laminate wood flooring, quartz counters in kitchen and bathrooms, shaker cabinets with soft-close drawers, Grohe plumbing fixtures, glass mosaic tile backsplashes, and stainless steel appliance package. The property is conveniently situated near many retail, dining, and entertainment options. Nearby Sepulveda Recreation Center, Hansen Dam Recreation Center, and Sepulveda Basin Recreation Area offer hundreds of acres of open space, including large grassy areas, playgrounds, sports and swimming facilities, and paths for walking and biking. Central location near the 5,405,210,118, and 170 Freeways as well as Metrolink stations means convenient access throughout The Valley and Greater Los Angeles. The property is in the final stages of construction and CofO is expected by the end of February 2018.
Lot FeaturesLot 20000-39999 Sqft, Lot Shape-Rectangular, Park Nearby
Community FeaturesCurbs, Gutters, Sidewalks
Interior FeaturesBalcony, High Ceilings (9 Feet +) , Open Floor Plan, Recessed Lighting, Storage Space
Flooring DescriptionLaminate
Room TypeAll Bedrooms Up, Walk-In Closet
Water SourcePublic
Construction MaterialsStucco
UtilitiesSewer Connected, Underground Utilities, Water Connected
Laundry FeaturesIn Closet, Inside, On Upper Level
Heating DescriptionForced Air
Cooling DescriptionCentral
Appliances DescriptionDishwasher, Garbage Disposal, Gas Range, Microwave, Range / Stove Hood
Fireplace FeaturesLiving Room, Master Bedroom
View DescriptionMountain, Neighborhood
Pool FeaturesNone
Spa FeaturesNone
Road Surface TypeAlley Paved
Property parameters
Year Built2017
Living Area (Sq.Ft.)22,200 ft2
Lot Size (Sq.Ft.)31,500
Lot Size SourceBuilder
Number of Buildings12
Number of Units Total12
Parking Spaces30
Garage Spaces24
Uncovered Spaces6
LevelsTwo
Water SourcePublic
Units Total12
Year Built SourceBuilder
Vacancy Allowance Rate3%
Number of Separate Electric Meters12
Number of Separate Gas Meters12
Number of Separate Water Meters12
Units with Dishwasher12
Units with Disposal12
Units with Patio12
Cap Rate (For Cash Payment Only)4.95
Listed withChristopher Gray (Strategic Sales & Mkt. Grp.Inc)