7960 Willis Avenue, Panorama City, CA 91402
Property · 2 recorded sales since 2016
Sold January 2016
Listing Agent: Anie Mayelian (DRE #00778825) · Listing Office: Keller Williams Encino-Sherma · Contact: 818-380-5100 · Bought with: Anie Mayelian · Keller Williams Encino-Sherma · MLS #SR15208115 · Source: CRMLS
About this property
BACK ON MARKET AS OF 9/25/2015. Multifamily development opportunity priced at approximately $53.76 per unit! 10,800 sq ft corner lot! Build approximately 13 units by right! R3 Zone! Lowest priced all 2 bedroom building in Panorama City. 29% upside in rents. Actual annual gross is $51,228. 2 story building. Consists of four 2+1. The property was built in 1953. Development potential, check with the city for exact building requirement. Separate meters for gas and electric. Individual water heater in each unit. The units have varying floor plans and amenities. Some of the apartments feature large patios, carpet and/or vinyl flooring, and window or wall AC. The kitchens feature ample cabinets and counter space.
Listing description from the January 2016 sale, as reported to CRMLS.
Sale history
