Price Reduction-Motivated Seller | 9325 Sylmar Ave
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Price Reduction-Motivated Seller 9325 Sylmar Ave
12 Unit Block of Flats £2,209,200 (£184,100/Unit) Panorama City, CA 91402
Investment Highlights
- 4.09% Cap, 12.37 GRM | 63% Potential Upside In Rents
- 3 Blocks From Upcoming SF Valley Light Rail Transit Project
- New Developments Change Neighborhoods, Additional Significant Developments are Planned in the Area by Major Developers
- Possibility To Add Two 3+2 Detached ADUs In The Large Parking Lot taking You To 5.63% Cap, 10.54 GRM
- Less than 2 miles from the Future Panorama City Center, a 5,000,000 Sq Ft Transportation Oriented Development sure to Transform the Neighborhood
Executive Summary
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***
Kelly Morgan Commercial Group is proud to offer 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.
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
Call us, we can help you profit from this.
Kelly Morgan Commercial Group is proud to offer 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.
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
Call us, we can help you profit from this.
Property Facts
| Price | £2,209,200 | Building Class | C |
| Price Per Unit | £184,100 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 8,156 SF |
| No. Units | 12 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 2.94/1,000 SF |
| Apartment Style | Low Rise |
| Price | £2,209,200 |
| Price Per Unit | £184,100 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 8,156 SF |
| Number of Floors | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.94/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 8 | - | - |
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Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 2644-029-007 | Improvements Assessment | £552,926 |
| Land Assessment | £829,390 | Total Assessment | £1,382,315 |
PROPERTY TAXES
Parcel Number
2644-029-007
Land Assessment
£829,390
Improvements Assessment
£552,926
Total Assessment
£1,382,315
zoning
| Zoning Code | RD, Los Angeles |
| RD, Los Angeles |
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Kelly Morgan -
Kelly Morgan Commercial Group
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Price Reduction-Motivated Seller | 9325 Sylmar Ave
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