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Listed by Helen Chong • Real Brokerage Technologies
$ 2,998,900
Est. payment | /mo
0.45 Acres Lot
$ 2,998,900
Est. payment | /mo
0.45 Acres Lot
Key Details
Property Type Vacant Land, Commercial
Sub Type Other Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82010626
Lot Size 0.455 Acres
Property Sub-Type Other Commercial Land
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
Zoning LAR3
Exterior
Fence None
Utilities Available Public Utilities
Building
Lot Description Other
Sewer Sewer - Public
Water Public
Others
Tax ID 2214-026-015
Horse Property No
Special Listing Condition Not Applicable
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Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com