7900 Willis AvenuePanorama City, CA 91402
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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.
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 |
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