7900 Willis Avenue,
Home For Sale
These three adjacent properties on Willis Avenue in Panorama City have incredible potential. First, there is tremendous upside in rents with a projected 7.37 GRM and approximately a 10% cap rate based on market rents. Additionally, at $141,500 per unit, this is well below comparable sales given the sheer upside in rents. In addition, the property sits on 36,600 square feet of R3 zoned land with a Tier 3 TOC (70% bonus) allowing for up to 78 units to be developed.
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 91402
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- MLS® #:
- SR24163292
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- Bedrooms:
- 3
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- Lot Size:
- 0.84
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- Neighborhood:
- PANORAMA CITY (91402)
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Listing information last updated on August 9th, 2024 at 6:46am PDT.