14827 33 Blythe Street, Los Angeles, California 91402

14827-14833 Blythe Street is a 12-unit apartment complex on two parcels on the north side of Blythe Street between Willis Avenue and Cedros Avenue in Panorama City. Built in 1956, the two six-unit buildings total 8, 308 square feet on a combined 14, 375 square foot lot zoned LAR3, each on its own APN.The unit mix is (8) one bedroom / one bathroom units of 650 square feet and (4) two bedroom / one bathroom units of 800 square feet. The buildings sit behind a secure gated entry, with a shared driveway running to 12 parking spaces and carports at the rear.Tenants pay electricity and gas; ownership pays water, sewer, and trash. Two on-site laundry rooms add $4, 320 of annual income. Electrical panels have been updated and the SB721 report is complete.In-place rents average $1, 324 for the one-bedrooms and $1, 532 for the two-bedrooms, or$16, 717 per month in total. Pro-forma rents of $1, 750 and $2, 250 are in line with the lease comparables and add $75, 396 of annual gross income, a 37.6% lift.The property sits a short walk from the Van Nuys Boulevard retail corridor and Panorama Mall, with Kaiser Permanente about a mile north and Mission Community Hospital roughly half a mile west. SR-170 and I-405 are each about two miles out, and the Metro GLine at Van Nuys is roughly three miles south.