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$3,395,000
109 Days On Site
7900 Willis AvenuePanorama City, CA 91402
For Sale|Apartment|Pending
0
Beds
0
Full Baths
0
Partial Baths
13,824
SqFt
$246
/SqFt
1953
Built
County:
Los Angeles
Listed by Warren Berzack of Lee & Associates wberzack@lee-re.com
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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.
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Listing Snapshot
Price
$3,395,000
Days On Site
109 Days
Bedrooms
N/A
Inside Area (SqFt)
13,824 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.8402 Acres
Year Built
1953
MLS® Number
SR24163292
Status
Pending
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 months ago | Status changed to Pending | |
| 3 months ago | Listing updated with changes from the MLS® | |
| 4 months ago | Listing first seen on site |
General Features
Acres
0.8402
Number Of Stories
1
Parking
Assigned
Parking Spaces
40
Property Sub Type
Apartment
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
13824
Stories
One
Water Source
Public
Zoning
LAR3
Interior Features
Laundry Features
None
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Exterior Features
Lot Features
LandscapedRectangular Lot
Pool Features
None
Community Features
Building Access
1
Community Features
CurbsStreet LightsSidewalks
Financing Terms Available
Cash
MLS Area
PC - Panorama City
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
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