Homes for sale - 7900 7910 Willis AVE, Panorama City, CA 91402

Panorama City, CA 91402,7900 7910 Willis AVE

REQUEST A TOUR

In-PersonVirtual Tour

Michelle Esquivel

michelle@michellehomesellingteam.com

$ 3,395,000

Est. payment | -/mo

0.84 Acres Lot

Save

$ 3,395,000

Est. payment | -/mo

Save

0.84 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SR24163292

HOA Y/N No

Year Built 1953

Lot Size 0.840 Acres

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.

Location

State CA

County Los Angeles

Area Pc - Panorama City

Zoning LAR3

Interior

Fireplace No

Laundry None

Exterior

Garage Assigned

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban

Parking Type Assigned

Total Parking Spaces 40

Private Pool No

Building

Lot Description Landscaped, Rectangular Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 2210021032

Energy Description 1000.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Warren Berzack • Lee & Associates • 818-269-2979

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

7900 7910 Willis AVE Panorama City, CA 91402

Michelle Esquivel

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

7900 7910 Willis AVE