$2,800,000
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9325 Sylmar Avenue Panorama City, CA 91402
Cluster
Residence
20
Beds
12
Baths
...
Bed/Bath
8,156
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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
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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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