Thank you
Kelly Morgan
KW Advisors
310-482-2200
12.88 GRM | 94% POTENTIAL UPSIDE***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. 5.57% Cap, 10.94 GRM After ADU Construction & Expenses (Feb/2024) | 73% Potential Upside In RentsPossibility To Add Two 3+2 Detached ADUs In The Large Parking Lot | 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
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Total Bedrooms : 20
Total Baths: 12
Full Baths: 0
Half Baths: 0
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1950
Building Area Total: 8,156
Lot Dimensions Source: Assessor
Lot Size Acres: 0.3902
Lot Size Dimensions: 100x170
Lot Size Source: Assessor
Lot Size Square Feet: 16999
Original List Price: 3,000,000
Listing Contract Date: 2023-03-16
Listing Agreement: Seller Reserved
Parcel Number: 2644029007
Garage Description: Uncovered
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: PC - Panorama City
Postal Code Plus 4: 6938
Directions: East of Van Nuys Blvd., West of Woodman Ave., North of Tupper, South of Plummer
Zoning: LARD2
Source Property Type: Residential Income
Area: PC - Panorama City
Property Age: 74
Year Built Source: Assessor
Total Square Feet Living: 8156
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
8407 Cedros Avenue, Panorama City, CA,91402 | $2,700,000 | 2 | -- | 7,188 | 7545 Sqft |
8719 Tilden, Panorama City, CA,91402 | $975,000 | 4 | 2 | 1,581 | 6380 Sqft |
14839 Blythe Street, Panorama City, CA,91402 | $1,189,000 | 6 | -- | 2,976 | 6943 Sqft |
14300 Terra Bella Stree.., Panorama City, CA,91402 | $660,000 | 3 | 3 | 1,680 | 109332 Sqft |
9213 Tobias Avenue, Panorama City, CA,91402 | $4,950,000 | -- | -- | -- | 47412 Sqft |
9120 N Nilo Lane, Panorama City, CA,91402 | $899,000 | 4 | 3 | 2,221 | 2543 Sqft |
9114 N Nilo Lane, Panorama City, CA,91402 | $899,000 | 4 | 3 | 2,199 | 2540 Sqft |
9117 N Nilo Lane, Panorama City, CA,91402 | $899,000 | 4 | 3 | 2,221 | 3361 Sqft |
9110 N Nilo Lane, Panorama City, CA,91402 | $899,000 | 4 | 3 | 2,221 | 2542 Sqft |
7924 Woodman Avenue #16, Panorama City, CA,91402 | $375,000 | 1 | 1 | 669 | 90648 Sqft |
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ByOwner last updated this listing 05/16/2024 @ 11:29
MLS: 23251701
LISTED BY: Kelly Morgan, KW Advisors
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.