Panorama City CA Land for Sale
$4,999,999
9701 Vesper Avenue Panorama City, CA 91402
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.75 Acres
- Baths:
- MLS#:
- 24462347
ADDITIONAL INFORMATION
REDUCED! We are proud to present for sale a Ready-to-Issue ED1-vested 133 Unit Affordable Housing Project on a massive 32,681 SF corner lot in a low-density area. Designed with efficiencies in mind, this fully stacked on-grade design features 107 1+1 and 26 2+1 units (for a total of around 73,277 SF of rentable space), along with large Recreation Rooms (one of which could be used as a Fitness Room), a large PATH Office space, a Leasing office, large Bike Storage, additional rentable storage areas, and 35 side-by-side parking spaces inside the project with potential for 10 more spaces behind the building. The design features garage access exclusively from the alley. The property is located in a residential neighborhood with a storage business next door, which should keep things on the quiet side. The area is on a schedule to bring massive changes, with the coming arrival of the East San Fernando Valley Light Rail Transit Project, with a planned station at Woodman and Van Nuys, potentially less than half a mile away! The Light Rail will connect to the Orange / G Line, which connects to the Red / B Line as well as MetroLink, opening access to the greater Los Angeles area without the need of a car! Close to the 405 and the 5 freeways, this property is directly north of the Primestor High-Rise Complex Project at Panorama Mall, which will bring 4.5 million square feet of housing, hotel and commercial uses to the area, which already has many jobs and a high demand rental market! The property is also walking distance to parks, supermarkets, restaurants and Arleta High School. Listing includes two APNs: 2650-021-004 and 2650-021-005.
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Baths:
- MLS#:
- 24446009
ADDITIONAL INFORMATION
This ready-to-issue (RTI) project offers an excellent chance to Develop 17 Affordable Housing units, Type VA construction, three story on-grade with a total area of 12,915 sqft, no parking, very low cost construction estimated at $2,100,000. Great Mix of units, 9 X 2 bedroom and 8 X 1 bedroom, Proforma monthly rent $34,069 or yearly $ 408,828 which will bring the value of the property around $5,682,000 with GRM 13.9 providing around $2,000,000 profit potential on the Development, price per unit of $334,000 resale value. Additional space possible for Leasing/Management office or ADU. Conveniently located close to public transportation, offering easy access to entertainment and events providing recreational opportunities for future residents, start construction immediately, saving time and reducing the hassle of lengthy approval processes. This project presents a unique opportunity to contribute positively to the community by providing much-needed affordable housing, addressing a critical need in Los Angeles. The city's incentives for affordable housing projects enhance the viability and potential returns on this investment. Los Angeles has a significant demand for affordable housing, ensuring a strong market for these units and benefiting from the long-term appreciation potential in one of the most sought after real estate markets in the country. This offering is priced to sell! No Demo fee required.
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.09 Acres
- Baths:
- MLS#:
- CL23337339
View additional info
Courtesy: Keller Williams Studio City
ADDITIONAL INFORMATION
Large parcels that can ideally can be developed into unlimited density affordable housing using AB1763 or AB2334. The property is in an infill location close to schools, parks, public transportation and shopping. Price includes 9217 Tobias (APN 2651-008-009) which is zoned RA and is improved with a single family home that is currently rented on a month to month basis.
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Baths:
- MLS#:
- CRSR23046589
View additional info
Courtesy: San Fernando Realty, Inc.
ADDITIONAL INFORMATION
VIEW, VIEW, VIEW, WELCOME TO THIS LAND LOT FOR SALE, WHICH IS 5415 SQ FT. IN THE TUJUNGA CA. THIS LOT SIT IN A NICE DESIREABLE NEIGHBORHOOD, NEAR MOUTAINS, HILLS WITH BEATIFUL VIEWS, ALSO ITS ON TREE LINED STREET WITH NICE PRIDE IN OWNERSHIP HOMES IN AND AROUND AREA, SEEMS LIKE COUNTRY AND EUROPEEN TYPE LIVING AT THE SAME TIME, BUT YET NEAR THE CITY LIFE. THIS AREA IS HIGH DESIREABLE. LOCATED BEHIND 6283 BLANCHARD CANYON ROAD, TUJUNGA CA. NEAR THE 210 FREEWAY AND MINUTES FROM DOWNTOWN LOS ANGELES, DO NOT MISS THIS GREAT OPPORTUNITY, THANK YOU
$149,900
0 Black Walnut Tujunga, CA 91402
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Baths:
- MLS#:
- SR23046589
ADDITIONAL INFORMATION
VIEW, VIEW, VIEW, WELCOME TO THIS LAND LOT FOR SALE, WHICH IS 5415 SQ FT. IN THE TUJUNGA CA. THIS LOT SIT IN A NICE DESIREABLE NEIGHBORHOOD, NEAR MOUTAINS, HILLS WITH BEATIFUL VIEWS, ALSO ITS ON TREE LINED STREET WITH NICE PRIDE IN OWNERSHIP HOMES IN AND AROUND AREA, SEEMS LIKE COUNTRY AND EUROPEEN TYPE LIVING AT THE SAME TIME, BUT YET NEAR THE CITY LIFE. THIS AREA IS HIGH DESIREABLE. LOCATED BEHIND 6283 BLANCHARD CANYON ROAD, TUJUNGA CA. NEAR THE 210 FREEWAY AND MINUTES FROM DOWNTOWN LOS ANGELES, DO NOT MISS THIS GREAT OPPORTUNITY, THANK YOU
Panorama City Real Estate
The median home value in Panorama City, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Panorama City, CA is $912,500. Approximately 33.96% of Panorama City homes are owned, compared to 58.13% rented, while 7.92% are vacant. Panorama City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Panorama City real estate agent to arrange a tour today!
Panorama City 91402 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
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