9701 Vesper Avenue, Panorama City, CA 91402 - Berkshire Hathaway HomeServices California Properties
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9701 Vesper Avenue, Panorama City, CA 91402

$4,575,000 Approx. USD 0 beds, 0 baths

Reduced by $424,999 on 3/17/2025
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Listing Agent


Dario Svidler | dario@svidlercre.com
Lic#: 01884474
Broker: Courtesy of Keller Williams Beverly Hills

Agent Remarks

REDUCED! We are proud to present for sale a Ready-to-Issue ED1-vested 133 Unit Affordable Housing Project on a massive 32,681 SF corner lot in a low-density area. Designed with efficiencies in mind, this fully stacked on-grade design features 107 1+1 and 26 2+1 units (for a total of around 73,277 SF of rentable space), along with large Recreation Rooms (one of which could be used as a Fitness Room), a large PATH Office space, a Leasing office, large Bike Storage, additional rentable storage areas, and 35 side-by-side parking spaces inside the project with potential for 10 more spaces behind the building. The design features garage access exclusively from the alley. The property is located in a residential neighborhood with a storage business next door, which should keep things on the quiet side. The area is on a schedule to bring massive changes, with the coming arrival of the East San Fernando Valley Light Rail Transit Project, with a planned station at Woodman and Van Nuys, potentially less than half a mile away! The Light Rail will connect to the Orange / G Line, which connects to the Red / B Line as well as MetroLink, opening access to the greater Los Angeles area without the need of a car! Close to the 405 and the 5 freeways, this property is directly north of the Primestor High-Rise Complex Project at Panorama Mall, which will bring 4.5 million square feet of housing, hotel and commercial uses to the area, which already has many jobs and a high demand rental market! The property is also walking distance to parks, supermarkets, restaurants and Arleta High School. Listing includes two APNs: 2650-021-004 and 2650-021-005.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 24462347
List price is $4,575,000 Reduced by $424,999 on 3/17/2025
Price: $4,575,000
Beds: 0
Baths: 0
0.75 acres
Lot size: 0.7503
County: Los Angeles
Zoning: (T)(Q)C1-1 Tier 3 / (T)(Q
MLS area: PC - Panorama City

Last Updated: 3/17/2025

 Days On Market (DOM): 130

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This listing belongs to the PC - Panorama City MLS area

Lat/Long: 34.246466, -118.450665.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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