8843 Tilden Ave
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8843 Tilden Ave
3 Unit Block of Flats £1,013,273 (£337,758/Unit) 3.65% Net Initial Yield Panorama City, CA 91402
Investment Highlights
- Great Panorama City Location
- Residential Financing
- City Trash
- Individually Metered for Gas and Electricity
- Garage Income
- New ADU CofO in 2021
Executive Summary
Welcome to 8843-8845 Tilden Ave – A Prime Investment Opportunity in Panorama City!
This exceptional multi-unit property offers a beautifully updated duplex along with a legal ADU, perfectly positioned near Panorama Mall and Plaza del Valle. The triplex consists of a spacious 3-bed, 1-bath unit, a 2-bed, 1-bath unit, and a modern studio ADU with 1 bath.
The duplex units were remodeled between 2019 and 2020, and the ADU was legalized in 2021, making this an ideal, low-maintenance investment. Each unit is individually metered for gas and electricity, and tenants are billed separately for water, offering excellent operational efficiency.
Set on a generous 6,404 square foot lot, the property provides ample outdoor space, including a front yard, backyard, and private gated entry for the ADU. With six open parking spaces, there's plenty of room for residents and guests.
Located just a short distance from popular shops, restaurants, grocery stores, and major freeways like the I-405, I-5, CA-118, and CA-170, this property ensures convenient access to all parts of Los Angeles.
Priced competitively and poised for long-term appreciation, this is a remarkable opportunity for investors or owner-users looking for value and future growth potential. Don't miss out on this fantastic property!
This exceptional multi-unit property offers a beautifully updated duplex along with a legal ADU, perfectly positioned near Panorama Mall and Plaza del Valle. The triplex consists of a spacious 3-bed, 1-bath unit, a 2-bed, 1-bath unit, and a modern studio ADU with 1 bath.
The duplex units were remodeled between 2019 and 2020, and the ADU was legalized in 2021, making this an ideal, low-maintenance investment. Each unit is individually metered for gas and electricity, and tenants are billed separately for water, offering excellent operational efficiency.
Set on a generous 6,404 square foot lot, the property provides ample outdoor space, including a front yard, backyard, and private gated entry for the ADU. With six open parking spaces, there's plenty of room for residents and guests.
Located just a short distance from popular shops, restaurants, grocery stores, and major freeways like the I-405, I-5, CA-118, and CA-170, this property ensures convenient access to all parts of Los Angeles.
Priced competitively and poised for long-term appreciation, this is a remarkable opportunity for investors or owner-users looking for value and future growth potential. Don't miss out on this fantastic property!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£61,594
|
£29.94
|
| Other Income |
£376
|
£0.18
|
| Vacancy Loss |
£1,859
|
£0.90
|
| Effective Gross Income |
£60,111
|
£29.22
|
| Taxes |
£12,666
|
£6.16
|
| Operating Expenses |
£10,451
|
£5.08
|
| Total Expenses |
£23,117
|
£11.24
|
| Net Operating Income |
£36,993
|
£17.98
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £61,594 |
| Annual Per SF | £29.94 |
| Other Income | |
|---|---|
| Annual | £376 |
| Annual Per SF | £0.18 |
| Vacancy Loss | |
|---|---|
| Annual | £1,859 |
| Annual Per SF | £0.90 |
| Effective Gross Income | |
|---|---|
| Annual | £60,111 |
| Annual Per SF | £29.22 |
| Taxes | |
|---|---|
| Annual | £12,666 |
| Annual Per SF | £6.16 |
| Operating Expenses | |
|---|---|
| Annual | £10,451 |
| Annual Per SF | £5.08 |
| Total Expenses | |
|---|---|
| Annual | £23,117 |
| Annual Per SF | £11.24 |
| Net Operating Income | |
|---|---|
| Annual | £36,993 |
| Annual Per SF | £17.98 |
Property Facts
| Price | £1,013,273 | Apartment Style | Garden |
| Price Per Unit | £337,758 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Net Initial Yield | 3.65% | Building Size | 2,057 SF |
| Gross Rent Multiplier | 16.35 | Average Occupancy | 100% |
| No. Units | 3 | Number of Floors | 1 |
| Property Type | Residential | Year Built/Renovated | 1948/2021 |
| Property Subtype | Apartment | Parking Ratio | 2.92/1,000 SF |
| Price | £1,013,273 |
| Price Per Unit | £337,758 |
| Sale Type | Investment |
| Net Initial Yield | 3.65% |
| Gross Rent Multiplier | 16.35 |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,057 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built/Renovated | 1948/2021 |
| Parking Ratio | 2.92/1,000 SF |
Unit Amenities
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Yard
- Dining Room
- Porch
Site Amenities
- Rubbish Collection - Kerbside
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 1 | £1,164 | 341 |
| 2+1 | 1 | £1,934 | 800 |
| 3+1 | 1 | £2,168 | 900 |
Walk Score ®
Very Walkable (78)
zoning
| Zoning Code | LAR2 |
| LAR2 |
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8843 Tilden Ave
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