9325 Sylmar Avenue, Panorama City, CA 91402
-
Listed Price :
$2,650,000
-
Beds :
20
-
Baths :
12
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Property Size :
8,156 sqft
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Year Built :
1950
Property Description
***PRICE REDUCTION | MOTIVATED SELLER***CONTACT US FOR AN OM***9325 Sylmar Ave in Panorama City presents an excellent covered land play opportunity, combining immediate income with significant development opportunity. The property currently generates stable cash flow from 4 (1+1) and 8 (2+1) units and offers the ability to add 8 detached Non-Rent Control 2+2 ADUs in the parking lot. Seller will deliver the ADUs RTI prior to the close of escrow.This addition should immediately increase returns from a 4.52% Cap and 11.67 GRM to an 8.53% Cap and 7.79 GRM with no additional units turning over. After the construction the building would still have an addition 34% rental upside in rents.*Please contact us for the OM at (310) 836-3638.The buyer has the option to select from two strategies: The first is "Build and Hold" which offers exceptional cash flow once the 8 ADUs are added. We estimate that the buyer will have a 21.70 IRR%, 9.60 Pre-Tax cash flow, 8.53% cap rate with a 7.79 GRM after the ADU additions, unheard of in any market today.The second strategy is to "Build and Flip." We estimate the total purchase, construction and resale closing costs to be just north of $4,050,000; with the resale value of $5,730,000, generating aprrox. $1,730,000 profit on your total investment.The investment is located just 3 blocks from the upcoming San Fernando Valley Light Rail Transit Project and less than 2 miles from the transformative 5-million-square-foot Panorama City Center, the property is positioned to benefit from substantial neighborhood revitalization. Nearby developments, such as the Panorama Tower luxury apartments and other mixed-use projects, are driving demand and rent growth in the area.With its income-generating capacity, potential for additional units, and proximity to transformative developments, this property offers a unique opportunity to capitalize on immediate returns and future growth. Contact Kelly Morgan Commercial Group for more information (310) 836-3638 or Kelly@KellyMorganCommercial.com*Disclaimer:The attached information and figures are projections provided solely for conceptual marketing purposes and must be verified by the prospective purchasers. Neither the Seller, KW Commercial, Kelly Morgan, their team, nor any related employees or independent contractors warrant their accuracy. Prospective purchasers should conduct their own due diligence and are advised to conduct a thorough investigation including consulting with the appropriate professionals regarding all relevant details, facts, and projections, including the ability to make any potential improvements or build an ADU on the property in question.
Interior Features
| Bedroom Information |
| Bedrooms |
20 |
| Bathroom Information |
| Bathrooms |
12 |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
| Heating Type |
Wall Furnace |
Listing Information
| Address |
9325 Sylmar Avenue |
| City |
Panorama City |
| State |
CA |
| Zip |
91402 |
| County |
Los Angeles |
| Listing Agent |
Kelly Morgan DRE #01898026 |
| Courtesy Of |
KW Advisors |
| List Price |
$2,650,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
8,156 |
| Lot Size |
16,999 |
| Year Built |
1950 |
Listing information courtesy of: Kelly Morgan, KW Advisors. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 5th, 2025 at 8:49 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
