For Sale
$1,295,000

8845 Tilden Ave Los Angeles, CA 91402

High-yield triplex, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional Panorama City triplex presents a compelling investment opportunity. The property, located at 8845 Tilden Ave, Los Angeles, CA 91402, features three units: a 3-bed/1-bath, a 2-bed/1-bath, and a modern studio ADU (added in 2021), all totaling 2,057 square feet of net rentable space. Built in 1948 and extensively renovated in 2020, the property boasts a 100% occupancy rate, generating a current NOI of $47,298 and a pro-forma NOI of $51,058, resulting in a 3.65% cap rate and a pro-forma cap rate of 3.94%. The asking price is $1,295,000, translating to $629.56 per square foot and $431,666.67 per unit. Situated on a 6,404 square foot lot with LAR2 zoning, the property includes six open parking spaces, a front yard, a backyard, and a private gated entry for the ADU. Individual gas and electric meters for each unit, along with separately billed water, enhance operational efficiency. Its convenient location near Panorama Mall, Plaza del Valle, and major freeways (I-405, I-5, CA-118, and CA-170) provides easy access to shopping, dining, and transportation throughout Los Angeles. This stabilized investment offers significant potential for long-term appreciation and rental upside. The property's strong cash flow and desirable location make it an ideal addition to any investment portfolio.

Highlights

  • Exceptional Panorama City triplex investment opportunity.
  • Legal ADU added in 2021.
  • Significant rental upside potential.
  • Excellent unit mix: 3-bed/1-bath, 2-bed/1-bath, and studio ADU.
  • Prime location near shopping centers and major freeways.

Property Details for 8845 Tilden Ave

Property type
Apartment buildings
Class
B
Year Built/Renovated
1948/2020
Buildings
1
Stories
1
Units
3

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.2312651
Longitude
-118.4493456

FAQs

What type of property is this?
Apartment building - High-yield triplex, prime location.
Where is the apartment building located?
The property is located at 8845 Tilden Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Exceptional Panorama City triplex investment opportunity.; Legal ADU added in 2021.; Significant rental upside potential.
How can I contact the broker?
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8845 Tilden Ave
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