7900 7910 Willis Avenue

Panorama City, CA 91402

  • 0 Bed(s)
  • 0 Bath(s)
  • 13,824 Sqft
  • 36600
    Sqft(Lot)
$3,395,000

Description

These three adjacent properties on willis avenue in panorama city have incredible potential. first, there is tremendous upside in rents with a projected 7.37 grm and approximately a 10% cap rate based on market rents. additionally, at $141,500 per unit, this is well below comparable sales given the sheer upside in rents. in addition, the property sits on 36,600 square feet of r3 zoned land with a tier 3 toc (70% bonus) allowing for up to 78 units to be developed.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    46584472

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1953
    • Building Area Total: 13,824

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.8402
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 36600

  • Listing Price Information

    • Original List Price: 3,395,000
    • Listing Contract Date: 2024-08-07

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2210021032

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: None

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: PC - Panorama City
    • Directions: West of Van Nuys Blvd, South of Roscoe
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: PC - Panorama City
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 71
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 10/31/2024 @ 03:22

  • MLS: SR24163292
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 13,824 sqft, 36,600 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Panorama City , in zip code 91402, this Los Angeles County Home are nearby neighborhoods.