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14324 Roscoe Blvd 8 Unit Apartment Building $2,621,505 CAD ($327,688 CAD/Unit) 5.75% Cap Rate Panorama City, CA 91402
INVESTMENT HIGHLIGHTS
- Great Centralized Location
- Nearby Schools & Shopping Areas
- Transportation Access
- Several upgrades throughout units
EXECUTIVE SUMMARY
The Roscoe Apartments is located in Panorama City, and a prime investment opportunity in today’s market. The building is within walking distance of shopping and eateries in the city, and situated just a short distance from major freeways – making it a quick drive to Sherman Oaks, Studio City and Burbank. The apartment complex has 8 units in total and features an ideal unit mix. The property consists of four 2 bedroom 1 bathroom units, and four 1 bedroom 1 bathroom units. There have also been some major upgrades to the building itself including the property being fully re-piped with new water and sewer lines in 2020, the installation of EQ shut-off valves, and roof replacement in recent years. There have also been various upgrades to the units and the exterior aesthetic of the property as well. This property is not only the ideal investment for a seasoned buyer but also an opportunity for a first-time buyer looking for a well-maintained multifamily rental property.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$217,285
|
$35.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$217,285
|
$35.87
|
| Taxes |
$31,450
|
$5.19
|
| Operating Expenses |
$35,177
|
$5.81
|
| Total Expenses |
$66,626
|
$11.00
|
| Net Operating Income |
$150,658
|
$24.87
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $217,285 |
| Annual Per SF | $35.87 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $217,285 |
| Annual Per SF | $35.87 |
| Taxes (CAD) | |
|---|---|
| Annual | $31,450 |
| Annual Per SF | $5.19 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $35,177 |
| Annual Per SF | $5.81 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $66,626 |
| Annual Per SF | $11.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $150,658 |
| Annual Per SF | $24.87 |
PROPERTY FACTS
| Price | $2,621,505 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $327,688 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.75% | Building Size | 6,058 SF |
| Gross Rent Multiplier | 12.06 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 1.32/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - restricted Density Multiple Dwelling | ||
| Price | $2,621,505 CAD |
| Price Per Unit | $327,688 CAD |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Gross Rent Multiplier | 12.06 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,058 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | LAR3 - restricted Density Multiple Dwelling |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $3,043 CAD | 700 - 1,200 |
| 1+1 | 4 | $2,345 CAD | 700 - 1,200 |
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Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 2212-010-019 | Total Assessment | $1,719,514 CAD |
| Land Assessment | $1,031,710 CAD | Annual Taxes | $31,450 CAD ($5.19 CAD/SF) |
| Improvements Assessment | $687,804 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
2212-010-019
Land Assessment
$1,031,710 CAD
Improvements Assessment
$687,804 CAD
Total Assessment
$1,719,514 CAD
Annual Taxes
$31,450 CAD ($5.19 CAD/SF)
Tax Year
2025
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14324 Roscoe Blvd
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