$ 2,800,000
9325 Sylmar AVE Panorama City, CA 91402
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$ 2,800,000
Est. payment /mo
Price Dropped by $200K
9325 Sylmar AVE Panorama City, CA 91402
20 Beds
12 Baths
8,156 SqFt
UPDATED:
10/10/2024 07:26 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,156 sqft
Price per Sqft $343
MLS Listing ID 24432075
Bedrooms 20
HOA Y/N No
Year Built 1950
Lot Size 0.390 Acres
Lot Dimensions Assessor
Property Description
PRICE REDUCTION - MOTIVATED SELLER***4.09% Cap, 12.37 GRM | 63% Potential Upside In Rents***Possibility To Add Two 3+2 Detached ADUs In The Large Parking Lot Giving You a 5.63% Cap, 10.54 GRM******Please Contact Us For An OM*** 9325 Sylmar Avenue, located in Panorama City, California with 4 (1+1) and 8 (2+1). There are big changes going on near Panorama City and North Hills. Primestor and the city are planning a major development called the "Panorama City Center". This massive development will offer over 5 million square feet of multi-family, retail, restaurants, entertainment, fitness, office, and medical. Basically, a walking city. This adds to other current and future huge developments being planned in the area. Izek Shomof has already converted the Panorama Tower (https://www.panoramatowerla.com), previously an office building, into 194 luxury residential apartments and due it's success, is now planning on building another 200 apartments w/ retail right next door. (https://la.urbanize.city/post/mixed-use-project-moves-forward-8141-van-nuys-panorama-city) We believe these major investments are due to the upcoming Light Rail Transit Line on Van Nuys Blvd. Transit Lines have been proven to change neighborhoods, sometimes increasing rents 25-67%. Large developers know this and build accordingly. These transformative large developments further change the neighborhoods. Nearby property owners receive the benefits. Call us, we can help you profit from this. 3 Blocks From Upcoming SF Valley Light Rail Transit Project | Less than 2 miles from the Future Panorama City Center, a 5,000,000 Sq Ft Transportation Oriented Development sure to Transform the Neighborhood | New Developments Change Neighborhoods, Additional Significant Developments are Planned in the Area by Major Developers
Location
State CA
County Los Angeles
Area Pc - Panorama City
Zoning LARD2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Garage Uncovered
Parking Type Uncovered
Total Parking Spaces 24
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2644029007
Special Listing Condition Standard
Listed by Kelly Morgan • KW Advisors