Panorama City, CA 91402,14715 Blythe ST
$2,200,000
Est. payment /mo
$2,249,000
2.2%
Est.Price: ?

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0.31 Acres Lot
SOLD DATE : 06/15/2021

Key Details

Sold Price $2,200,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 21727360

Sold Date 06/15/21

HOA Y/N No

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions Assessor

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.

Location

State CA

County Los Angeles

Area Pc - Panorama City

Zoning LAR3

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

Lot Description Flat

New Construction No

Others

Senior Community No

Tax ID 2210020036

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Darin Spillman • Kidder Mathews of California, Inc.
Bought with Aziz Molai • Beverly and Company, Inc.
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