***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. This addition should immediately increase returns from a 4.21% Cap and 12.33 GRM to an 8.18% Cap and 8.08 GRM with no additional units turning over. After the construction the building would still have an additional 34% rental upside in rents. 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 can cash-out refi the property after constructing the ADUs leaving an investment of only $500,000 in the asset and achieve a 16% cash-on-cash return in the first year at today's rates. The second strategy is to "Build and Flip." We estimate the total purchase, construction, carrying, and resale closing costs to be $4,730,000; with the resale value of $5,730,000, generating a $1,000,000 profit on your total investment of $1,600,000 that equal a 62.5% return on investment. This approach is suited for investors seeking quick, high returns in a shorter timeframe. 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. *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.
Property Details
Property Features
Property Information:
Year Built: 1950
Stories: 2
Living Area: 8,156 SqFt
Listing Office:
Office Name: KW Advisors
Office Phone: (310) 482-2200
Listing Agent: Kelly Morgan
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 20
Exterior Features
Parking Information:
Parking: Uncovered
Lot Features
Lot Information:
Lot Size: 0.39 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: East of Van Nuys Blvd., West of Woodman Ave., North of Tupper, South of Plummer
Price Information
Listing Price Info
Price Summary:
List Price: $2,800,000
Price Per SqFt: $343/SqFt
Tax Information:
Annual Amount: $21,147
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.7M more than the Median Sold Price and $297/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24432075
Listing Office:
Office Name: KW Advisors
Office Phone: (310) 482-2200
Listing Agent: Kelly Morgan
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 5:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 05, 2015
Jun 05, 2015Home Sold
$1,485,000
May 16, 2003
May 16, 2003Home Sold
$877,000
Jun 23, 1997
Jun 23, 1997Home Sold
$275,000
Jun 15, 1990
Jun 15, 1990Home Sold
$660,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$21,147
$1,655,826
2020
$20,549
$1,631,920
2019
$20,240
$1,599,922
2018
$19,777
$1,568,552
2017
$19,777
$1,537,797
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Liggett Street Elementary School
9373 Moonbeam Ave
Distance between this listing and this school0.10 miles
Public District Grades KG-5
6
/10
Beachy Avenue Elementary
9757 Beachy Ave
Distance between this listing and this school0.71 miles
Public District Grades PK-5
7
/10
Alta California Elementary School
14859 Rayen St
Distance between this listing and this school0.78 miles
Public District Grades KG-5
Nearby Schools
4
/10
Valor Academy Middle School
9034 Burnet Ave
Distance between this listing and this school0.98 miles
Public Charter Grades 5-8
3
/10
Sepulveda Middle School
15330 Plummer St
Distance between this listing and this school1.10 miles
Public District Grades 6-8
3
/10
Vista Middle School
15040 Roscoe Blvd
Distance between this listing and this school1.49 miles
Public District Grades 6-8
Nearby Schools
7
/10
Valor Academy High School
9356 Lemona Ave
Distance between this listing and this school0.66 miles
Public Charter Grades 9-12
4
/10
Arleta High School
14200 Van Nuys Blvd
Distance between this listing and this school0.81 miles
Public District Grades 9-12
1
/10
Cal Burke High School
14630 Lanark St
Distance between this listing and this school1.55 miles
The neighbors living near this home have an average income of $50,396. The majority of Los Angeles, CA residents have income between $35k-100k annually. Residents typically live in married, with kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 9325 Sylmar Ave
What is the listing price of this property?
The listing price of 9325 Sylmar Ave property is $2,800,000.
What type of property is this?
The property 9325 Sylmar Ave is a house located in Panorama City, California, 91402.
Is this property for sale now?
Active Listing: 9325 Sylmar Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $21,147 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 5, 2015 for $1,485,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 9325 Sylmar Ave has 20 bedrooms and 12 bathrooms.
What is the square footage of this property?
The property 9325 Sylmar Ave is 8,156 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 9325 Sylmar Ave is 1950.
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This home is located at 9325 Sylmar Ave in Panorama City, CA and zip code 91402 in the The San Fernando Valley neighborhood. This 8,156 square foot home, which was built in 1950, sits on a 0.39 acre lot. Features: 20 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $2,800,000.
Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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