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$3,395,000
111 Days On Site

7900 Willis Avenue
Panorama 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 [email protected]

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7900 Willis Avenue7900 Willis Avenue7900 Willis Avenue7900 Willis Avenue
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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 
111 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 agoStatus changed to Pending
3 months agoListing updated with changes from the MLS®
4 months agoListing 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
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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ADDRESS

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Address:

EXP REALTY OF SOUTHERN CALIFORNIA, INC. CA DRE#02187306

10620 Treena St, Ste 230
San Diego, CA 92131

Tom Olsewski – DRE#01442461