7911 Ventura Canyon, Panorama City, CA 91402
- $2,499,999
List Agent May Phan () 909-203-5800 King Realty Group Inc; CoList ()
- List Price
- $2,499,999
- Status
- ACTIVE
- MLS#
- TR26098614
- Lot Size
- 19,806
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 82
- Property Type
- Land
Property Description
RARE LOT WITH SIGNICANT UPSIDE IN AN AREA WITH UNLIMITED 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.
Additional Information
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.