9325 Sylmar Avenue

Panorama City, CA 91402

$2,800,000
Price
20
Beds
12
Baths
8,156 Sq. Ft.
$343 / Sq. Ft.
8,156
Sq. Ft.
$343
per Sq. Ft.

Description

Price reduction - motivated seller 4.09% Cap, 12.37 GRM | 63% Potential Upside In Rents Possibility To Add Two 3+2 Detached ADUs In The Large Parking Lot Giving You a 5.63% Cap, 10.54 GRM Please Contact Us For An OM 9325 Sylmar Avenue, located in Panorama City, California with 4 (1+1) and 8 (2+1). There are big changes going on near Panorama City and North Hills. Primestor and the city are planning a major development called the "Panorama City Center". This massive development will offer over 5 million...Price reduction - motivated seller 4.09% Cap, 12.37 GRM | 63% Potential Upside In Rents Possibility To Add Two 3+2 Detached ADUs In The Large Parking Lot Giving You a 5.63% Cap, 10.54 GRM Please Contact Us For An OM 9325 Sylmar Avenue, located in Panorama City, California with 4 (1+1) and 8 (2+1). There are big changes going on near Panorama City and North Hills. Primestor and the city are planning a major development called the "Panorama City Center". This massive development will offer over 5 million square feet of multi-family, retail, restaurants, entertainment, fitness, office, and medical. Basically, a walking city. This adds to other current and future huge developments being planned in the area. Izek Shomof has already converted the Panorama Tower (https://www.panoramatowerla.com), previously an office building, into 194 luxury residential apartments and due it's success, is now planning on building another 200 apartments w/ retail right next door. (https://la.urbanize.city/post/mixed-use-project-moves-forward-8141-van-nuys-panorama-city) We believe these major investments are due to the upcoming Light Rail Transit Line on Van Nuys Blvd. Transit Lines have been proven to change neighborhoods, sometimes increasing rents 25-67%. Large developers know this and build accordingly. These transformative large developments further change the neighborhoods. Nearby property owners receive the benefits. Call us, we can help you profit from this. 3 Blocks From Upcoming SF Valley Light Rail Transit Project | Less than 2 miles from the Future Panorama City Center, a 5,000,000 Sq Ft Transportation Oriented Development sure to Transform the Neighborhood | New Developments Change Neighborhoods, Additional Significant Developments are Planned in the Area by Major Developers
  1. Listed by Kelly Morgan • DRE #01898026 • Brokerage DRE #01854200 • KW Advisors

Property Details for 9325 Sylmar Avenue

Zoning
LARD2
Parcel Number
2644029007
Total Units
12.0
Living Area
8156
Source Living Area
Assessor
Area
Panorama City (PC)
Vacancy Rate
1
Lot Size Area
16999
LISTING UPDATED: 10/10/2024 12:15 PM

Property Details for 9325 Sylmar Avenue

StatusActive
MLS #24-432075
Days on Market100
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.39 AC / 16,999 SF
CountyLos Angeles County

Building Information for 9325 Sylmar Avenue

Stories2Residences-Year Built1950Building Size-Lot Size0.39 AC / 16,999 SF

Property Information for 9325 Sylmar Avenue

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: apartment
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $219,621
  • Net Operating Income: $114,528.00
  • Gross Income: $226,413
  • Gross Rent Multiplier: $12.37
  • Actual Annual Gross Rent: $223,536.00
  • Financial Info as Of: 10/10/2024
  • Total Annual Expense: 105093
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3902
  • Lot Size Square Feet: 16999
  • Lot Size Dimensions: 100x170
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 24
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-26-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,203.00
  • Unit Actual Rent: $4,811.00
  • Unit Projected Rent: $9,628.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,918.00
  • Unit Actual Rent: $11,508.00
  • Unit Projected Rent: $18,312.00
  • Like Units: 6
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,155.00
  • Unit Actual Rent: $2,309.00
  • Unit Projected Rent: $2,370.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $672,720.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $1,009,081.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $1,681,801.00

Property History for 9325 Sylmar Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9325 Sylmar Avenue

Taxable ValueLand$1,049,847Additions$706,897Total$1,756,744
Tax Record2024$22,838 ($1,903 / month)
Home Facts
Total Finished SqFt8,156 SqFtAbove Grade Finished SqFt8,156 SqFtStories1Lot Size16,999 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningLARD2CountyLOS ANGELESAPN2644-029-007

Schools near 9325 Sylmar Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Liggett Street Elementary School
PublicK to 5

Valor Academy Middle School
Charter5 to 8

James Monroe High School
Public9 to 12

Valley Academy Of Arts And Sciences
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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9325 Sylmar Avenue is a multi-family home for sale in Panorama City, CA 91402. This property was listed for sale on August 26, 2024 by KW Advisors, it's currently listed at $2,800,000. It has been on the market for a total of 100 days and was last sold on May 21, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Liggett Street Elementary School, Valor Academy Middle School and James Monroe High School. 9325 Sylmar Avenue is a 20-bed, 12-bath, 8,156 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Advisors, Kelly Morgan, DRE #01898026

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.