14245 Roscoe is a 6-unit Panorama City multifamily asset offering strong in-place income and significant upside in one of the San Fernando Valley’s most active redevelopment zones. Located just east of Van Nuys Boulevard, the property sits only 0.3 miles from Panorama Mall and 1 mile from The Plant Shopping Center—two high-traffic commercial hubs anchoring the area’s long-term growth.

At the time of sale, the property was offered at $200,000 per unit and $258 per square foot, with a 6.11% CAP and 10.49 GRM on current rents. With approximately 30% rental upside, future ownership could achieve a projected 8.86% CAP and 8.09 GRM based on market rents for renovated units. The unit mix includes (3) two-bedroom units and (3) one-bedroom units, making the building well-suited for workforce housing in a high-demand corridor.

Notably, the property is located near Primestor Development’s planned 20-year, multi-phase revitalization of Panorama Mall—a 20-acre site set to be redeveloped into 4.5 million square feet of mixed-use space, including residential, hotel, retail, and commercial components. This project is expected to dramatically elevate the submarket’s livability and long-term tenant demand.

Amenities at 14245 Roscoe include gated on-site parking for approximately eight vehicles and a large private yard that enhances curb appeal and tenant experience for the front-facing units.

For investors seeking a value-add play in a submarket with future growth catalysts, this Panorama City multifamily property offered the fundamentals needed to reposition for long-term yield. Whether held as a standalone asset or acquired alongside nearby 8135 Reseda in Northridge, 14245 Roscoe delivered a compelling mix of income, upside, and location-driven potential.