RARE LOT WITH SIGNICANT UPSIDE IN AN AREA WITH UNLIMITED DEVELOPMENT OPPORTUNITY. Centrally located near freeways, transit, shopping, and major employment hubsan attractive location for both renters and end buyers, this R3 lot is in a high-demand panorama city location. This property is ideal for multifamily development with strong potential to build apartments for long-term rental income, develop condos for resale, or a hybrid strategy (buyer to verify). This property was previously planned for a 31-unit apartment project, permits are expired but this offers a valuable head start for redevelopment. Property sold for land value. Buyer to verify zoning, density, access to utilities and development potential with the City.
| MLS # | TR26098614 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 107 |
| Listing Provided By | King Realty Group Inc | May Phan |
| Acreage | 0.45 |
|---|---|
| Property View | None |
| Lot Features | Zero To One Unit Acre |
|---|
| Utilities | Electricity Available, Natural Gas Available, None, Sewer Available, Water Available |
|---|
| Community Features | Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Panorama City |
| Zip Code | 91402 |
| Area | PC Panorama City |
| Listing VS Median (in 91402) | |
Price: $2,499,999 low | high Med: $1,149,500 On site: 107 low | high Med: 113.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Panorama City |
| Zip Code | 91402 |
| Area | PC Panorama City |
| Listing VS Median (in 91402) | |
Price: $2,499,999 low | high Med: $1,149,500 On site: 107 low | high Med: 113.5 | |