9325 Sylmar Avenue

Panorama City, CA 91402

$3,000,000

Listed Price
20

bed Beds

12

shower Baths

8,156 sqft

straighten / sqft

1950

calendar_month Built

Property Description

13.42 GRM | 63% 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. 5.33% Cap, 11.26 GRM After ADU Construction & Expenses | 63% Potential Upside In Rents | Possibility 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

Interior Features

Bedroom Information
Bedrooms 20
Bathroom Information
Bathrooms 12
Interior Information
Cooling Type Wall/Window Unit(s)

Listing Information

Address 9325 Sylmar Avenue
City Panorama City
State CA
Zip 91402
County Los Angeles
Listing Agent Kelly Morgan DRE#01898026
Courtesy Of KW Advisors
MLS 24432075
List Price $3,000,000
Status Active
Type Residential Income
Structure Size 8,156
Lot Size 16,999
Year Built 1950
DOM 8

Exterior Information

Maps

Listing information courtesy of: Kelly Morgan, KW Advisors . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 3rd, 2024 at 12:11 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.