9325 Sylmar Avenue

Panorama City, CA 91402

  • 20 Bed(s)
  • 0 Bath(s)
  • 8,156 Sqft
  • 16999
    Sqft(Lot)
$2,650,000

Description

***price reduction | motivated seller***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. seller will deliver the adus rti prior to the close of escrow. this addition should immediately increase returns from a 4.52% cap and 11.67 grm to an 8.53% cap and 7.79 grm with no additional units turning over. after the construction the building would still have an addition 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 will have a 21.70 irr%, 9.60 pre-tax cash flow, 8.53% cap rate with a 7.79 grm after the adu additions, unheard of in any market today. the second strategy is to "build and flip." we estimate the total purchase, construction and resale closing costs to be just north of $4,050,000; with the resale value of $5,730,000, generating approximate. $1,730,000 profit on your total investment. 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.

  • 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: 2,650,000
    • 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: 75
    • Year Built Source: Assessor
    • Total Square Feet Living: 8156
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/21/2025 @ 19:50

  • 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. are nearby neighborhoods.