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Tobias Portfolio, Panorama City, CA 91402
57 Units
Offered at $11,000,000
Property Highlights
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50% Upside Potential
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Only $192K Per Unit and $234 Per Foot
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100% Copper Plumbing
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Tuck Under Seismic Retrofit Completed
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Partial New Roof
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Large Courtyards
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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 Major New 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.
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