9325 Sylmar Avenue

Panorama City, CA 91402

  • 20 Bed(s)
  • 0 Bath(s)
  • 8,156 Sqft
  • 16999
    Sqft(Lot)
$2,800,000

Description

***contact us for an om***9325 sylmar ave in panorama city presents an excellent covered land play opportunity, combining immediate income with significant development opportunity. the property currently generates stable cash flow from 4 (1+1) and 8 (2+1) units and offers the ability to add 8 detached non-rent control 2+2 adus in the parking lot. this addition should immediately increase returns from a 4.21% cap and 12.33 grm to an 8.18% cap and 8.08 grm with no additional units turning over. after the construction the building would still have an additional 34% rental upside in rents. the buyer has the option to select from two strategies: the first is "build and hold" which offers exceptional cash flow once the 8 adus are added. we estimate that the buyer can cash-out refi the property after constructing the adus leaving an investment of only $500,000 in the asset and achieve a 16% cash-on-cash return in the first year at today's rates. the second strategy is to "build and flip." we estimate the total purchase, construction, carrying, and resale closing costs to be $4,730,000; with the resale value of $5,730,000, generating a $1,000,000 profit on your total investment of $1,600,000 that equal a 62.5% return on investment. this approach is suited for investors seeking quick, high returns in a shorter timeframe. the investment is located just 3 blocks from the upcoming san fernando valley light rail transit project and less than 2 miles from the transformative 5-million-square-foot panorama city center, the property is positioned to benefit from substantial neighborhood revitalization. nearby developments, such as the panorama tower luxury apartments and other mixed-use projects, are driving demand and rent growth in the area.with its income-generating capacity, potential for additional units, and proximity to transformative developments, this property offers a unique opportunity to capitalize on immediate returns and future growth. *disclaimer:the attached information and figures are projections provided solely for conceptual marketing purposes and must be verified by the prospective purchasers. neither the seller, kw commercial, kelly morgan, their team, nor any related employees or independent contractors warrant their accuracy. prospective purchasers should conduct their own due diligence and are advised to conduct a thorough investigation including consulting with the appropriate professionals regarding all relevant details, facts, and projections, including the ability to make any potential improvements or build an adu on the property in question.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    46748971

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Property Details

  • Bedroom Information

    • Total Bedrooms : 20

    Bathroom Information

    • Total Baths: 12
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1950
    • Building Area Total: 8,156

  • Lot Details

    • Lot Dimensions Source: Assessor
    • Lot Size Acres: 0.3902
    • Lot Size Dimensions: 100x170
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 16999

  • Listing Price Information

    • Original List Price: 2,800,000
    • Listing Contract Date: 2024-08-26

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 2644029007

  • Garage and Parking

    • Garage Description: Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: PC - Panorama City
    • Postal Code Plus 4: 6938
    • Directions: East of Van Nuys Blvd., West of Woodman Ave., North of Tupper, South of Plummer
    • Zoning: LARD2
    • Source Property Type: Residential Income
    • Area: PC - Panorama City

    Building and Construction

    • Property Age: 74
    • Year Built Source: Assessor
    • Total Square Feet Living: 8156
    • Levels or Stories: Two
    • Building Total Stories: 2
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Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 12/22/2024 @ 06:10

  • MLS: 24432075
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 20 bedrooms which is for sale, it has 8,156 sqft, 16,999 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.