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Listed by Helen Chong • Real Brokerage Technologies
$ 2,998,900
Est. payment | /mo
19,806 SqFt
$ 2,998,900
Est. payment | /mo
19,806 SqFt
Key Details
Property Type Commercial
Sub Type Comm Lots and Land
Listing Status Active
Purchase Type For Sale
Square Footage 19,806 sqft
Price per Sqft $151
MLS Listing ID ML82010626
HOA Y/N No
Lot Size 0.455 Acres
Property Sub-Type Comm Lots and Land
Source Datashare MLSListings
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
Interior
Fireplace No
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745