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8759 Tobias Ave, Panorama City, CA 91402
Offered at $6,800,000
48% Upside Potential
Only $194K Per Unit and $232 Per Foot
All Copper Plumbing
No Tuck Under Seismic Retrofit Required
35 Carport Parking Spaces
34% Two Bedroom Units and 12% Three Bedroom Units
Possible to Add Value with Addition of Rec Room/Gym
Close to Major New Development Projects
The property is walking distance to the $150MM ICON development in Panorama City which features over 600 Luxury Apartments, 60,000 SF of Commercial Space and a 17,000 SF Plaza.
New developments like the ICON often attract high-end neighborhood tenants paying increased market rents.
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