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9325 Sylmar Ave
Panorama City CA 91402 US

$2,800,000

Active Listing ID 24-432075
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20 bed
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Lot: 0.39 Acres
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Other

$2,800,000

Active Listing ID 24-432075
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9325 Sylmar Ave PRICE REDUCTION - MOTIVATED SELLER***4.09% Cap, 12.37 GRM | 63% Potential Upside In Rents***Possibility To Add Two 3+2 Detached ADUs In The Large Parking Lot Giving You a 5.63% Cap, 10.54 GRM******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. 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 Multi Family
  • Property Sub-type: Other

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2800000
  • 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: 2024-08-26
  • 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
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Santa Monica", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Kelly@KellyMorganCommercial.com", "ListBrokerageCity":"Santa Monica", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw549@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/CLAWCA/837f8111fc9d11dea62b00065bf395fa/20120312201203057.png", "ListBrokerageName":"Keller Williams Santa Monica", "ListBrokeragePhone":"(310) 482-2200", "ListBrokeragePostalCode":"90405", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2701 Ocean Park Blvd., Suite 140", "ListBrokerageWebsiteUrl":"http://www.kwsantamonica.com", "ListOfficeAddress1":"11812 San Vicente Blvd.", "ListOfficeAddress2":"Suite 100", "ListOfficeBrokerMlsId":"X91642", "ListOfficeCity":"Los Angeles", "ListOfficeCountry":"US", "ListOfficeEmail":"klrw549@kw.com", "ListOfficePostalCode":"90405", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income - Panorama City, CA", "ListingURL":"https://listings.listhub.net/pages/CLAWCA/24-432075/?channel=rexren", "MLSModificationTimestamp":"2024-10-10T12:15:59Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:55:11 AM GMT
Source Updated Date: 11/21/2024 7:02:54 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.