Description

RARE LOT WITH SIGNICANT UPSIDE IN AN AREA WITH UNLIMITED DEVELOPMENT OPPORTUNITY. Centrally located near freeways, transit, shopping, and major employment hubs—an attractive location for both renters and end buyers, this R3 lot is in a high-demand panorama city location. This property is ideal for multifamily development with strong potential to build apartments for long-term rental income, develop condos for resale, or a hybrid strategy (buyer to verify). This property was previously planned for a 31-unit apartment project, permits are expired but this offers a valuable head start for redevelopment. Property sold for land value. Buyer to verify zoning, density, access to utilities and development potential with the City.

Property details

Property type

Land

Lot size

19,806 sqft

Location

7911 Ventura Canyon • Panorama City, CA 91402

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Listed by

May Phan · King Realty Group Inc

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Recent sales near 7911 Ventura Canyon

7924 Woodman Avenue 78: Sold $498,000 · 2 bd · 2 ba · 1,117 sqft · Sep 2026 · 0.0 mi
Citywide Estates Inc | DRE #02204109
Buyer's agent: Anahit Karapetyan, Equity Union | DRE #02112454
7945 Woodman Avenue: Sold $1,000,000 · 5 bd · 5 ba · 3,000 sqft · Jun 2026 · 0.1 mi
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Buyer's agent: Avi Ghazaryan, RLG State Realty | DRE #01973769
13500 Strathern Street: Sold $820,000 · 3 bd · 2 ba · 1,746 sqft · May 2026 · 0.2 mi
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Buyer's agent: Michael Melik-Bakchian, LA Premier Realty, Inc. | DRE #01914624
8018 Matilija: Sold $950,000 · 4 bd · 3 ba · 2,125 sqft · Jul 2026 · 0.3 mi
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8109 Greenbush Avenue: Sold $1,145,000 · 3 bd · 3 ba · 1,654 sqft · Aug 2026 · 0.3 mi
SEED Realties, Inc. | DRE #02122158
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7847 Ranchito Avenue: Sold $700,000 · 2 bd · 1 ba · 1,091 sqft · May 2026 · 0.3 mi
eXp Realty of Greater Los Angeles Inc. | DRE #01458529
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8064 Crosnoe: Sold $1,175,000 · 3 bd · 3 ba · 2,142 sqft · Jun 2026 · 0.3 mi
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8126 Matilija: Sold $965,000 · 3 bd · 2 ba · 1,902 sqft · Sep 2026 · 0.4 mi
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Closed sales reported in 91402, nearest first, last 12 months. All recent sales in Panorama City →

Land - 7911 Ventura Canyon, Panorama City, CA