7900 7910 Willis Avenue | Los Angeles | State of California | Prices, Plans, Availability

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7900 7910 Willis Avenue

USD 3,395,000

Property ID: SR24163292

7900 7910 Willis Avenue ,91402

36600 SqFt

Built in 1953

USD 93/SqFt

0 Bed

0 Full

Location

Direction

Interior Details

Bedrooms

Bathrooms

Interior Size

13824

Construction Details

Property Type --

Property Condition --

Architectural Style --

New Construction --

Year Built 1953

Detailed Introduction Of This Home

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.

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