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 highdemand 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. Panorama City, located in the heart of the San Fernando Valley, is a thriving and diverse neighborhood in Los Angeles known for its strong rental demand and urban convenience. Originally developed as the Valleys first planned community, it has grown into a bustling residential and commercial hub featuring a dynamic mix of multifamily housing, shopping centers, and medical facilities.
MLS #
ML82010626
MLS Source
MLSListings, Inc.
Days on Site
38
Development Status
Other - Call Listing Agent
Existing Structures
None
Fencing
None
Lot Description
Other
Present Use
Bare Land
Utilities
Public Utilities, Public Utilities, Water - Public
Elementary District
Los Angeles Unified
High School District
Los Angeles Unified
Sewer
Public Sewer
Water
Public
Zoning
LAR3
Listing Agent
Helen Chong
Real Brokerage Technologies
License #: 01700495
Phone: (408) 800-5478
Co-Listing Agent
Peter Whang
License #: 01996428
Phone: (310) 701-7484
7911 Ventura Canyon Ave is in Panorama City, CA 91402. This Land is currently priced at $2,998,900.
This address can also be written as 7911 Ventura Canyon Ave, Panorama City, CA 91402.©2025 MLSListings Inc. All rights reserved. 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. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
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This listing information is up-to-date as of June 11, 2025. For the most current information, please contact Helen Chong, (408) 800-5478