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    8751 Van Nuys Blvd

    Panorama City, CA 91402
    • $2,500,000
    • STATUS: Active
    • ON SITE: 8 Days
    • MLS #: 21-794628
    UPDATED: 57 min ago
    $2,500,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    A single parcel of land in Panorama City totaling 16,286 square foot as a development opportunity located on Van Nuys Blvd and Parthenia St. The property is being offered at $154 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 P1 zoning and density increase benefits the development potential for the subject property is multi-family, 30 buildable units by-right and up to 53 buildable units with increased density based on the Tier 3 TOC benefits.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-21T10:42:39.063. 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.
    www.jelmbergteam.com/homes/122314739
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    8751 Van Nuys Blvd Panorama City, CA 91402

    • Price: $2,500,000
    • Status: Active
    • Updated: 57 min ago
    • MLS #: 21-794628
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    Neighborhood:
    Panorama City
    County:
    Los Angeles
    Area:
    Panorama City
    Property Description
    A single parcel of land in Panorama City totaling 16,286 square foot as a development opportunity located on Van Nuys Blvd and Parthenia St. The property is being offered at $154 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 P1 zoning and density increase benefits the development potential for the subject property is multi-family, 30 buildable units by-right and up to 53 buildable units with increased density based on the Tier 3 TOC benefits.
    Exterior Features

    Lot Size Area 16286 View Description None View YN No

    Property Features

    Cable YN Yes Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Lap

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-21T10:42:39.063. 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.
     
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