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9325 Sylmar Ave
Panorama City CA 91402 US

$3,000,000

Active Listing ID 23-251701
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20 bed
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Lot: 0.39 Acres
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Other

$3,000,000

Active Listing ID 23-251701
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9325 Sylmar Ave 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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Property Features

  • Facts
  • Lot Size: 0.39 Acres
  • Property Type: Residential
  • Property Sub-type: Other

Property

  • propertytype: Residential
  • propertysubtype: Other
  • listprice: 3000000
  • unparsedaddress: 9325 Sylmar Ave
  • postalcity: Panorama City
  • stateorprovince: CA
  • country: US
  • postalcode: 91402
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.3902
  • lotsizeunits: Acres
  • lotsizearea: 0.3902
  • livingarea: 8156
  • livingareaunits: Square Feet
  • listagentfullname: Kelly Morgan
  • listagentemail: Kelly@KellyMorganCommercial.com
  • listagentkey: 3yd-CLAWCA-C121229
  • listagentmlsid: C121229
  • listagentpreferredphone: 3104822200
  • listagentofficephone: 3104822200
  • listofficekey: 3yd-CLAWCA-X74717
  • listofficemlsid: X74717
  • disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • yearbuilt: 1950
  • listingcontractdate: 2023-03-16
  • listagenturl: http://www.kwsantamonica.com
  • countyorparish: Los Angeles
  • parcelnumber: 2644-029-007
  • numberofunitstotal: 12
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 24
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 3/26/2024 1:13:35 PM GMT
Source Updated Date: 5/3/2024 6:56:11 AM GMT

Courtesy of: Kelly Morgan, KW Advisors, Kelly@KellyMorganCommercial.com

Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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