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8801 Tobias Ave, Panorama City, CA 91402
22 Units
Offered at $4,200,000
Property Highlights
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53% Upside Potential
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Only $190K Per Unit and $237 Per Foot
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99% Copper Plumbing
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Tuck Under Seismic Retrofit Completed
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Twelve Carport and Ten Tuck Under Parking Spaces
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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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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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