Properties

Property Features
: Wall Furnace
: Wall/Window Unit(s)
Address Map
Sylmar
9325
Avenue
East of Van Nuys Blvd., West of Woodman Ave., North of Tupper, South of Plummer
PC - Panorama City
LARD2
Listing Broker
KW Advisors
Kelly Morgan
Kelly
Morgan
Additional Information
Two
100x170
12
2023-03-16
2
2
361
24.0
2644029007
368
Listing Information
CLW-C121229
CLW-X74717
2024-03-11T22:19:55Z
Standard
2023-03-15T17:00:00Z
CRMLS
Property Description

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

9325 Sylmar Avenue, Panorama City, CA 91402

  • Bedrooms : 20
  • Bathrooms (Full) : 12
  • Square Footage: 8,156 Sqft
  • Visits : 27 in 408 days
$3,000,000
Listing ID#23251701
QR Code
Property Details
Year Built : 1950
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 23251701
Price : $3,000,000
Bedrooms : 20
Bathrooms (Full) : 12
Square Footage : 8,156 Sqft
Lot Area : 16,999 Sqft
Country : US
State : CA
County : Los Angeles
City : Panorama City
Zip Code : 91402
Parking : Uncovered
Status : Active
Building Size : 8156
Mls Status : Active
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