855.375.4001
Listed by Kelly Morgan - KW Advisors
$2,800,000 affordable loan icon Calculate Payment

9325 Sylmar Avenue Panorama City, CA 91402

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Cluster Residence
20 Beds
12 Baths
... Bed/Bath
8,156 Sq. Ft.

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Last updated on 12/4/2024 7:41 PM
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) an...d 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 Continue reading
MLS#
24432075
Property Type
Cluster
Bedrooms
20
Bathrooms
Year Built
1950
Square Feet
8,156 sq. ft
Lot Size
0.39
Stories
2.0

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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Source: Walk Score®
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Listed by Kelly Morgan - KW Advisors
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 12/4/2024 7:41 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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