Address
8747 Van Nuys Boulevard Panorama City, CA
Price
$ 7,350,000
Property Attributes
  • MLS#21787054
  • TypeLand
  • CountyLOS ANGELES
  • CityPanorama City
  • AreaPanorama City
  • Zip91402
  • Style
  • Price$ 7,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.97 Acres
Listing Provided Courtesy Of:
Neema Ahadian with Marcus & Millichap
Data Source:
Combined LA/Westside MLS (CLAW) - 318 - CA
Property Description

Three parcels of land in Panorama City totaling 42,214 square foot as a development opportunity located on Van Nuys Blvd at Parthenia St. The property is being offered at $174 ppsf blended and is located east of the 405 FWY, just north of Roscoe Blvd and directly across the street from the LA Kings Valley Ice Center. This well-located asset is very walkable, with a high walk score of 87, and is located within close proximity to transit with a good transit score of 51. The subject property is located just 1.2 miles from the newly improved Van Nuys Metrolink Station, part of the Ventura County Line connecting the site to Ventura County to the west and Downtown LA to the east; bringing significant environmental benefits, economic development, and employment opportunities to the immediate area. With over 360,000 people within a three-mile radius, Panorama City is a highly desirable market in the central valley with high demand low residential vacancy rates.Preferential zoning allows for significant development potential. Based on the [Q]C2-1VL and R3 zoning and density increase benefits the development potential for the subject property is multi-family 80 buildable units by-right and up to 140 buildable units with increased density based on the Tier 3 TOC benefits.

Price History
9/27/2021 Listed $7,350,000

General Features

Listing Agent Neema Ahadian - BRE#01346750
Listing Agent State License 01346750
Lot Size Square Feet 42214
MLS Area PC - Panorama City
Property Type Land
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
View None
Zoning Q]C2-1-CDO

Exterior Features

Lot Dimensions 102x165
Lot Size Acres 0.38
Lot Size Area 42214
Lot Size Source Other
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 91402

Price
AVG $4.9M
$7.35M
Visits
AVG 2
3
Walkscore
AVG 82
87
Data Provided by Walkscore ® not using MLS data

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