Thank you
Dario Svidler
Keller Williams Beverly Hills
310-432-6400
We are proud to present for sale a Ready-to-Issue ED1-vested 133 Unit Affordable Housing Project on a massive 32,681 SF corner lot in a low-density area. Designed with efficiencies in mind, this fully stacked on-grade design features 107 1+1 and 26 2+1 units (for a total of around 73,277 SF of rentable space), along with large Recreation Rooms (one of which could be used as a Fitness Room), a large PATH Office space, a Leasing office, large Bike Storage, additional rentable storage areas, and 35 side-by-side parking spaces inside the project with potential for 10 more spaces behind the building. The design features garage access exclusively from the alley. The property is located in a residential neighborhood with a storage business next door, which should keep things on the quiet side. The area is on a schedule to bring massive changes, with the coming arrival of the East San Fernando Valley Light Rail Transit Project, with a planned station at Woodman and Van Nuys, potentially less than half a mile away! The Light Rail will connect to the Orange / G Line, which connects to the Red / B Line as well as MetroLink, opening access to the greater Los Angeles area without the need of a car! Close to the 405 and the 5 freeways, this property is directly north of the Primestor High-Rise Complex Project at Panorama Mall, which will bring 4.5 million square feet of housing, hotel and commercial uses to the area, which already has many jobs and a high demand rental market! The property is also walking distance to parks, supermarkets, restaurants and Arleta High School. Listing includes two APNs: 2650-021-004 and 2650-021-005.
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Total Baths: 0
Full Baths: 0
Half Baths: 0
Lot Dimensions Source: Assessor
Lot Size Acres: 0.7503
Lot Size Dimensions: 230x142
Lot Size Source: Assessor
Lot Size Square Feet: 32681
Original List Price: 5,600,000
Listing Contract Date: 2024-04-24
Listing Agreement: Exclusive Right To Sell
Parcel Number: 2650021004
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: PC - Panorama City
Postal Code Plus 4: 1026
Directions: East of the 405, West of the 5, South of the 118. By Van Nuys Blvd.
Zoning: (T)(Q)C1-1 Tier 3 / (T)(Q
Source Property Type: Land
Area: PC - Panorama City
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
9325 Sylmar Avenue, Panorama City, CA,91402 | $3,000,000 | 20 | -- | 8,156 | 16999 Sqft |
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 |
9213 Tobias Avenue, Panorama City, CA,91402 | $4,950,000 | -- | -- | -- | 47412 Sqft |
9442 Sylmar Ave #5, Panorama City, CA,91402 | $630,000 | 3 | 2 | 1,551 | -- |
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 |
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ByOwner last updated this listing 05/13/2024 @ 22:46
MLS: 24384031
LISTED BY: Dario Svidler, Keller Williams Beverly Hills
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
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.