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$ 2,998,900
Est. payment | /mo
0.45 Acres Lot
$ 2,998,900
Est. payment | /mo
0.45 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82010626
HOA Y/N No
Lot Size 0.455 Acres
Property Description
This prime 19,800 sq ft development site in Los Angeles presents a rare opportunity for investors and developers to acquire an entitlement pending project for 31 multifamily units. Strategically located in a highdemand area, the proposed four-story residential building will feature spacious units and gated ground-floor parking, catering to the growing need for quality housing. With strong market fundamentals and increasing demand for multifamily assets in Los Angeles, this project offers significant potential for long-term value and returns. Panorama City, located in the heart of the San Fernando Valley, is a thriving and diverse neighborhood in Los Angeles known for its strong rental demand and urban convenience. Originally developed as the Valleys first planned community, it has grown into a bustling residential and commercial hub featuring a dynamic mix of multifamily housing, shopping centers, and medical facilities.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Exterior
Fence None
Building
Water Public
Schools
School District Los Angeles Unified
Others
Tax ID 2214026015
Listed by Helen Chong • Real Brokerage Technologies
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "