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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
Property Type(s):
Residential Income
| Last Updated | 10/10/2024 | Year Built | 1950 |
|---|---|---|---|
| Community | Panorama City | County | Los Angeles |
Price History
| Prior to Oct 10, '24 | $3,000,000 |
|---|---|
| Oct 10, '24 - Today | $2,800,000 |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Panorama City |
| GARAGE | Uncovered |
| HEAT | Wall Furnace |
| LOT | 0.39 acre(s) |
| LOT DIMENSIONS | 100x170 |
| PARKING | Uncovered |
| STORIES | 2 |
| ZONING | LARD2 |
Location
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Listed with KW Advisors
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