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Property Description

Three-unit income property in Panorama City generating $6,915 per month / $82,980 annually in current gross rents. The property has undergone substantial improvements and combines a renovated 3-bedroom main residence with two ADUs. 8353 Costello is a 3-bedroom, 1-bath main house extensively renovated with a newer roof, upgraded plumbing, remodeled kitchen and bathroom, updated flooring and windows, tankless water heater, lighting and interior finishes.8355 Costello is a 2-bedroom, 1-bath ADU created from the former detached garage with an addition. The unit features its own kitchen, heating and air conditioning, tankless water heater, washer/dryer, separate electrical panel and updated finishes. A privacy fence separates the unit from the main house and provides its own outdoor area.8351 Costello is a newer 1-bedroom, 1-bath ADU and features its own kitchen, bathroom, HVAC, tankless water heater, electrical panel and updated finishes.All three units are currently occupied, with rents of $3,090, $2,230 and $1,595 respectively. A strong opportunity to acquire a stabilized income property with significant renovation and unit-conversion work already completed.

Overview

Property Status
For Sale
Lot Size
6,255 Sq.Ft.
MLS ID
26872437
Property Type
Multi-Family
Year Built
1949

Features & Amenities

Parking
Driveway
Heat Type
Central, Wall
Air Conditioning
Central, Wall/Window
Appliances
Refrigerator, Range/Oven
Sales Price
$1,050,000
Zoning
LAR1

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8353 Costello Ave

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8353 Costello Ave
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8353 Costello Ave

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