Multifamily

13200 Pinney St

13200 Pinney St, Los Angeles, CA 91331

Listing Price: $1,100,000

Cap Rate
6.36%
Number of Units
5
GRM
9.17
Occupancy
95.0%
Price/Unit
$220,000
Price/Gross SF
$300.79
Gross SF
3,657

Investment Overview

Marcus & Millichap is pleased to present 13200 Pinney Street, a six (6) unit value add apartment building located in an area of Pacoima primarily consisting of residential homes. This will be the first time the property will be on the market in the last 20 years. Built in 1926, this charming courtyard style property is made up of two (2) structures: a 2 bedroom/one bathroom with a basement located in the rear and four (4) two bedroom/one-bathroom with one (1) one bedroom/one-bathroom located in the front of the property. The rear two-bedroom/one-bathroom with basement unit will be delivered vacant at the close of escrow. The total building square footage of the property is 3,657 square feet which sits on a 7,100 square foot lot that is zoned LAR1.

13200 Pinney Street is conveniently located between Pacoimas main roads of Van Nuys Blvd and San Fernando Road, with convenient access to the 5, 118, and 405 freeways. The property, which has a Walk Score of 84, sits just a few blocks away from the soon-to-be Light Rail station, giving tenants access to the countys growing transit line. Tenants will also be in the epicenter of popular shopping in the community, with stores such as Costco, Best Buy, Target, Lowes and Smart and Final just a short walk away.

Investment Highlights

  • First time on the market since 2001.
  • Value-Add Opportunity with rents approximately 20% below market levels.
  • With a walk score of 84, 13200 Pinney is located in epicenter of Pacoima

Exclusively Listed By

Listing Price: $1,100,000

Cap Rate
6.36%
Number of Units
5
GRM
9.17
Occupancy
95.0%
Price/Unit
$220,000
Price/Gross SF
$300.79
Gross SF
3,657

Investment Highlights

  • First time on the market since 2001.
  • Value-Add Opportunity with rents approximately 20% below market levels.
  • With a walk score of 84, 13200 Pinney is located in epicenter of Pacoima

Investment Overview

Marcus & Millichap is pleased to present 13200 Pinney Street, a six (6) unit value add apartment building located in an area of Pacoima primarily consisting of residential homes. This will be the first time the property will be on the market in the last 20 years. Built in 1926, this charming courtyard style property is made up of two (2) structures: a 2 bedroom/one bathroom with a basement located in the rear and four (4) two bedroom/one-bathroom with one (1) one bedroom/one-bathroom located in the front of the property. The rear two-bedroom/one-bathroom with basement unit will be delivered vacant at the close of escrow. The total building square footage of the property is 3,657 square feet which sits on a 7,100 square foot lot that is zoned LAR1.

13200 Pinney Street is conveniently located between Pacoimas main roads of Van Nuys Blvd and San Fernando Road, with convenient access to the 5, 118, and 405 freeways. The property, which has a Walk Score of 84, sits just a few blocks away from the soon-to-be Light Rail station, giving tenants access to the countys growing transit line. Tenants will also be in the epicenter of popular shopping in the community, with stores such as Costco, Best Buy, Target, Lowes and Smart and Final just a short walk away.

Exclusively Listed By

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