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9325 Sylmar Ave
Panorama City, CA 91402 Arleta

$2,800,000 USD

Apartments For Sale • 8,156 SF

Property Details

Property Type Apartments
Total Building Size 8,156 SF
Lot Size 0.39 AC
Building Class C
Year Built 1950
Cap Rate 8.18 %
Zoning RD, Los Angeles

49 Transit Score

67 Walk Score

                
                    Highlights
                
                                Covered Land Play with an Income-Generating Asset: Benefit from existing rental income while acquiring permits for 8 detached Non-Rent Control ADUs
                            
                                Large Upside: 78% Rental Upside
                            
                                Build and Hold Strategy: Build 8 non rent control ADUs and reach a 8.18% cap rate and 8.08 GRM
                            
                                Build and Flip Strategy: Make an estimated $1,000,000 in short term profit, an 62.5% ROI
                            
                                Transit-Oriented: Three blocks from the SF Valley Light Rail Transit Project, which should drive significant growth and value appreciation
                            
                                Future Growth: Less than 2 miles from Panorama City Center, a 5M square foot development with housing, retail, dining, and entertainment

Financial Summary (Proforma)

Net Operating Income: $343,394 USD (2025)

Cap Rate:	8.18 %
Total Expenses:	$161,097 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	4 min	-	2.2 mi
Sylmar/San Fernando (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	4.9 mi
Airport	Drive	Walk	Distance
Bob Hope	12 min	-	7.3 mi
Los Angeles International	35 min	-	24.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	24
Type:	Surface
Included in Rent:	Yes

Kelly Morgan 310-836-3638 Kelly Morgan Commercial Group

9325 Sylmar Ave Panorama City, CA 91402 Arleta