Tobias Portfolio
8759 & 8801 Tobias Ave, Panorama City, CA 91402
57 Units
Offered at $11,000,000
Property Highlights
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Two Buildings that Share the Same Driveway
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Only $192K Per Unit and $234 Per Foot
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All Copper Plumbing
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Seismic Retrofit Completed (*Buyer to verify)
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Partial New Roof
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Large Courtyards - Possible to Add Value With Addition of Rec Room/Gym
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Two Separate Parcels Spanning Over 1.54 Acres of Land
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Close to Three Major Development Projects:
Nearby Development
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.
