Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRTR26098614

Lot Size 0.455 Acres

Property Sub-Type Other Residential Land

Source California Regional MLS

Property Description

RARE LOT WITH SIGNICANT UPSIDE IN AN AREA WITH LIMITED DEVELOPMENT OPPORTUNITY. Centrally located near freeways, transit, shopping, and major employment hubs-an 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.

Location

State CA

County Los Angeles

Area Pc - Panorama City

Zoning D0

Exterior

Utilities Available Electricity - On Site

View None

Others

Tax ID 2214026015

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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7911 Ventura CYN Panorama City, CA 91402