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+16615447793
Ilma's Inc.
8541 Ventura Canyon Avenue, Panorama City, CA 91402
- $745,000
- 2
- BD
- 1
- BA
- 1,180
- SqFt
- Sold Price
- $745,000
- List Price
- $799,000
- Closing Date
- Mar 03, 2026
- Status
- CLOSED
- MLS#
- SR25271285
- Year Built
- 1941
- Bedrooms
- 2
- Bathrooms
- 1
- Living Sq. Ft
- 1,180
- Lot Size
- 9,749
- Acres
- 0.22
- Lot Location
- Yard
- Days on Market
- 38
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
Incredible Development Opportunity in Panorama City — Zoned LARD5. Unlock exceptional potential with this rare high-density multifamily residential zone 1,183 sq ft 2-bedroom, 1-bath home situated on an expansive 9,749 sq ft lot in a prime Panorama City location. This property presents a significant opportunity for developers and investors exploring multifamily, low-income, or affordable housing development; in addition to home buyers building their dream home with the possibility of an ADU addition. This is a premier investment opportunity—a true blank canvas ready to be transformed into something exceptional. Location advantages include close proximity to Kaiser Permanente Hospital, major employment centers, transit, shopping, restaurants, freeway access and strong rental demand. All information is deemed reliable but not guaranteed by seller or broker. Buyers and their representatives must independently verify zoning, density, development rights, permits, utilities, building feasibility, and all other property details. Property is offered AS-IS with no repairs. Buyer assumes responsibility for all inspections and due diligence.
Additional Information
- Pool Description
- None
- Fireplace Description
- See Remarks
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Neighborhood
- Sewer
- Public Sewer
- Water
- Public
- School District
- Los Angeles Unified
- Interior Features
- All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 1
Listing courtesy of Listing Agent: Cheri Fiallos (cherirfiallos@gmail.com) from Listing Office: Pinnacle Estate Properties.
Listing sold by Luis Iglesias from Park Regency Realty
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.