14715 Blythe Street

Panorama City, CA 91402

$2,200,000

Sold Price
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bed Beds

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shower Baths

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straighten $162 / sqft

calendar_month Built

Property Description

Unique shovel-ready, T.O.C. Tier 1 development opportunity with ready-to-issue permits at 14715 Blythe Street in Panorama City. Situated in an Opportunity Zone, this project provides reduced capital gains (10% within 5 years and 15% within 7 years) and zero capital gains within 10 years. A variety of attractive financing options are available, with as much as 70% loan-to-cost in the 4-4.25% interest rate range. There are additional selling points to this property, including but not limited to the following: zero tenant relocation fees, zero demolition fees or costs, property is located near a myriad of exciting retail destination developments, reduced hard cost due to on-grade parking and accessibility of utilities, no highway dedication, increased F.A.R. of 4.2:1, and a well-amenitized project including 4,287 roof deck, to name a few.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 14715 Blythe Street
City Panorama City
State CA
Zip 91402
County Los Angeles
Listing Agent Darin Spillman DRE#01366902
Co-Listing Agent Jay Martinez DRE#01954238
Courtesy Of Hudson Commercial Partners, Inc.
MLS 21727360
Close Price $2,200,000
Close Date Tuesday, June 15th, 2021
Status Closed
Type Land
Structure Size N/A
Lot Size 13,505
DOM 34

Exterior Information

Maps

Listing information courtesy of: Darin Spillman, Jay Martinez, Hudson Commercial Partners, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 21st, 2021 at 12:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.