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    14715 Blythe Street

    Panorama City, CA 91402
    • $2,249,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: 21727360
    UPDATED: 151 min ago
    $2,249,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-15T09:58:24.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/116745982
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    14715 Blythe Street Panorama City, CA 91402

    • Price: $2,249,000
    • Status: Active
    • Updated: 151 min ago
    • ID#: 21727360
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    Neighborhood:
    PC - Panorama City
    County:
    Los Angeles
    Area:
    PC - Panorama City
    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.
    Exterior Features

    Lot Features Flat Topography Level View None View YN No

    Property Features

    Buyer Financing Conventional Listing Agreement Seller Reserved Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning Lar3

    Listing provided courtesy of Darin Spillman of Hudson Commercial Partners, Inc. and Jay Martinez of Hudson Commercial Partners, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-15T09:58:24.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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