14735 Blythe Street

Marcus and Millichap is pleased to present a twenty (20) unit apartment building located at 14735 Blythe Street in Van Nuys, California. The subject property is located in a solid Van Nuys location, south of Roscoe Boulevard and west of Van Nuys Boulevard.

The most populous municipality in Los Angeles San Fernando Valley is Van Nuys. Located in central LA county, Van Nuys is close to many of the state’s major highways, making travel and day trips easy for those looking to experience many of Southern California’s premier attractions quickly. Van Nuys retains several old neighborhoods, original Spanish mission and art deco architecture that gives it more character than many nearby cities and towns. Van Nuys is home to many noteworthy food and entertainment spaces surrounding the subject property on Victory Boulevard, Woodman Avenue, Oxnard Street, and Van Nuys Boulevard. Van Nuys is also home to some of Los Angeles’ most sought-after outdoor amenities in Lake Balboa Park, including Woodley Park Archery Range, Japanese Garden, Sepulveda Basin Wildlife Reserve, Anthony C. Beilenson Park Van Nuys Gold Course, and Pedlow Skate Park. All of these outdoor spaces sit together, north of the -101 Freeway and west of the -405 Freeway. The subject property is also close to the -5, -170, and -134 Freeways.

Built in 1958, this property contains a great unit mix of eight (8) one-bedroom / one-bathroom units and twelve (12) two-bedroom / one-bathroom units. Three (3) units have subsidized rent through LA Family Housing (LAFH) and Brilliant Corners. The property is in an opportunity zone that goes street-to-street from Blythe to Strathern with gated access to ample on-site carport parking available from the entrance on Strathern. Tenants will appreciate being on the border of Panorama City, across the street from the Cardenas Youth Park and right down the street from The Plant Shopping Center with numerous well known anchor tenants. Several new developments are continuing to line the nearby commercial corridors on Roscoe Boulevard and Van Nuys Boulevard. One of these new developments include the 180-unit housing complex at 14545 Lanark Street which is now under construction.

Situated in a solid Van Nuys location, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential for a rare, mid-size asset in an opportunity zone for additional tax benefits.