7900 7910 Willis Avenue, Panorama City, CA 91402
-
Listed Price :
$3,395,000
-
Beds :
N/A
-
Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1953
Property 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.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
7900 7910 Willis Avenue |
| City |
Panorama City |
| State |
CA |
| Zip |
91402 |
| County |
Los Angeles |
| Listing Agent |
Warren Berzack DRE #01329015 |
| Courtesy Of |
Lee & Associates |
| List Price |
$3,395,000 |
| Status |
Pending |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
36,600 |
| Year Built |
1953 |
Listing information courtesy of: Warren Berzack, Lee & Associates. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:29 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
