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7911 Ventura Canyon Ave - Development Opportunity 0.45 Acres of Commercial Land Offered at $4,148,648 CAD in Panorama City, CA 91402
INVESTMENT HIGHLIGHTS
- Pending entitlement approval for a 31-unit multifamily development
- Situated in a high-demand rental market with strong growth potential
- Limited supply of new multifamily housing in the immediate area
- Proposed 4-story residential building with spacious, modern units
- Close proximity to major freeways (405, 5, and 170) and employment centers
- Attractive long-term investment with significant upside potential
EXECUTIVE SUMMARY
This prime 19,800 sq ft development site in Los Angeles presents a rare opportunity for investors and developers to acquire an entitlement pending project for 31 multifamily units. Strategically located in a high-demand area, the proposed four-story residential building will feature spacious units and gated ground-floor parking, catering to the growing need for quality housing. With strong market fundamentals and increasing demand for multifamily assets in Los Angeles, this project offers significant potential for long-term value and returns.
PROPERTY FACTS
| Price | $4,148,648 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.45 AC |
| Property Type | Land | ||
| Zoning | R3-1, RA-1, ZI-2374 - Commercial mixed use | ||
| Price | $4,148,648 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.45 AC |
| Zoning | R3-1, RA-1, ZI-2374 - Commercial mixed use |
1 LOT AVAILABLE
Lot
| Price | $4,148,648 CAD | Lot Size | 0.45 AC |
| Price Per AC | $9,127,034.99 CAD |
| Price | $4,148,648 CAD |
| Price Per AC | $9,127,034.99 CAD |
| Lot Size | 0.45 AC |
19,800 square feet available.
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7911 Ventura Canyon Ave - Development Opportunity
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