Panorama City, CA 91402,14715 Blythe St

$2,200,000

Est. payment /mo

$2,249,000

2.2%
Est.Price: ?

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14715 Blythe St Panorama City, CA 91402

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 21-727360

Sold Date 06/15/21

Lot Size 0.310 Acres

Acres 0.31

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 Panorama City

Zoning LAR3

Exterior

Waterfront Description None

View Y/N No

View None

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Kidder Mathews of California, Inc.
Bought with Beverly and Company, Inc.
George Salazar

George Salazar

Agent | License ID: 00884017

+1(310) 400-6756

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