12-Unit Gated Apartment
14827-33 Blythe Street, Los Angeles, CA 91402
For Sale
Contact for pricing
Two six-unit buildings provide a mix of one- and two-bedroom apartments, with shared parking and on-site laundry.
Property Size8,308 SF
Lot Size0.33 Acres
Price / SF$276.84
Days on Market11
Property Features for 14827-33 Blythe Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Amenities
gated entry
on-site laundry
Building Details
Year Built
Buildings
Listing Agency:
KW Commercial Pasadena
Listed By:
Casey Picard · License CA #01921866
(626) 376-9224
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 5:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Pasadena
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Investment Insights
Based on property information with market context.
Built in 1956, the property comprises two apartment buildings with six units apiece, totaling 8,308 square feet. The 14,375-square-foot site includes two parcels, each with its own APN, and is zoned LAR3. The unit mix consists of eight one-bedroom, one-bathroom apartments measuring 650 square feet each and four two-bedroom, one-bathroom apartments at 800 square feet each. A gated entry opens to a shared driveway, with 12 parking spaces and rear carports. Each building has a laundry room. Electrical panels have been updated, and the SB721 report is complete. Residents pay for gas and electricity; water, sewer, and trash are owner-paid.
The property is on Blythe Street between Willis Avenue and Cedros Avenue in Panorama City. The Van Nuys Boulevard retail corridor and Panorama Mall are within walking distance. Kaiser Permanente is about a mile north, Mission Community Hospital is roughly half a mile west, and SR-170 and I-405 are each about two miles away. The Metro G Line station at Van Nuys is roughly three miles south.
The property is on Blythe Street between Willis Avenue and Cedros Avenue in Panorama City. The Van Nuys Boulevard retail corridor and Panorama Mall are within walking distance. Kaiser Permanente is about a mile north, Mission Community Hospital is roughly half a mile west, and SR-170 and I-405 are each about two miles away. The Metro G Line station at Van Nuys is roughly three miles south.
Key Highlights
- 12 apartments across two six‑unit buildings; built in 1956
- 8,308 square feet of building area on a combined 14,375‑square‑foot lot
- Unit mix: eight 650‑square‑foot one‑bedroom units and four 800‑square‑foot two‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,682
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,673,640
$2.7M
Cap Rate 7%
$1,909,743
$1.9M
Cap Rate 9%
$1,485,356
$1.5M
Market Conditions
NOI Build-Up for 8,308 SF
Gross rent
$264.2K $31.80/SF
− Vacancy
−$21.1K −$2.54/SF
EGI
$243.1K $29.26/SF
− OpEx
−$109.4K −$13.17/SF
NOI
$133.7K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,673,640
Cap Rate 7%
$1,909,743
Cap Rate 9%
$1,485,356
Alternative Uses
Best Use
Apartment 5plus
$1.91M
$1.67M – $2.23M
NOI $133,682 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.47M
$3.04M – $4.05M
NOI $242,808 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
12
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,497
Businesses Nearby
Explore this area
Business Placement
Demographics for 91402, CA
70,140
Population
20,570
Households
3.4
Avg Household Size
35
Median Age
19%
College-Educated
67%
High-School Grad
3.7 sq mi
ZIP Area
18,957
Density / Sq Mi
$56,369
Median Household Income
$31,452
Median Earnings
$1,607
Median Rent
$586,500
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two six-unit buildings provide a mix of one- and two-bedroom apartments, with shared parking and on-site laundry.
Where is this apartment building located?
The property is located at 14827-33 Blythe Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 12 apartments across two six‑unit buildings; built in 1956; 8,308 square feet of building area on a combined 14,375‑square‑foot lot; Unit mix: eight 650‑square‑foot one‑bedroom units and four 800‑square‑foot two‑bedroom units
