$3,000,000
9325 Sylmar Avenue, Panorama City 91402
5
Beds
3
Baths
8,156
Square feet
16,999
Lot Size
12
# Of Units
Listing Agent
Kelly Morgan - KW Advisors12.88 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
Facts & Features
MLS® # | 23251701 |
---|---|
Price | $3,000,000 |
Bedrooms | 5 |
Bathrooms | 3.00 |
Square Footage | 8,156 |
Lot Size | 16,999 |
Year Built | 1950 |
Type | Residential Income |
Status | Active |
# Of Units | 12 |
Community Information
Address | 9325 Sylmar Avenue |
---|---|
Area | PC - Panorama City |
City | Panorama City |
County | Los Angeles |
Zip Code | 91402 |
Amenities
Parking Spaces | 24 |
---|---|
Parking | Uncovered |
Garages | Uncovered |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Wall Furnace |
---|---|
Cooling | Wall/Window Unit(s) |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Additional Information
Date Listed | March 16th, 2023 |
---|---|
Days on Market | 414 |
Zoning | LARD2 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Kelly Morgan |
---|---|
Office | KW Advisors |