9701 Vesper Avenue

9701 Vesper Avenue

Panorama City, CA 91402

$5,600,000
Price
32,681 / 0.75
Lot Size / Acres

Description

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...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.
  1. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 9701 Vesper Avenue

Zoning
(T)(Q)C1-1 Tier 3 / (T)(Q)RD3-1
Parcel Number
2650021004
Area
Panorama City (PC)
Lot Size Area
32681
Source Lot Size Area
Assessor
Present Use
Residential Income.
Potential Usage
Build 133 Unit Affordable Project
Assessor Parcel Number
2650-021-004

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474
Add your commute
LISTING UPDATED: 05/02/2024 12:01 AM

Property Details for 9701 Vesper Avenue

StatusActive
MLS #24-384031
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.75 AC
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474
Add your commute

Building Information for 9701 Vesper Avenue

Lot Size0.75 AC

Payment Calculator

$30,561 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,561

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9701 Vesper Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Other
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Special Zoning: Other, Rent Control
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.75
  • Lot Size Square Feet: 32681
  • Lot Size Dimensions: 230x142
  • Source Lot Size Dimensions: Assessor
  • Telephone: 1.0
  • Cable: 1.0
  • Possible New Zone: Build 133 Unit Affordable Project
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 04-24-2024

Property History for 9701 Vesper Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 9701 Vesper Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Plummer Elementary School
Public - K to 6
Francisco Sepulveda Middle School
Public - 6 to 8
Valley Academy Of Arts And Sciences
Public - 9 to 12
Northridge Academy High
Public - 9 to 12
Rating
School
Distance
Plummer Elementary School
PublicK to 6

Francisco Sepulveda Middle School
Public6 to 8

Valley Academy Of Arts And Sciences
Public9 to 12

Northridge Academy High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 9701 Vesper Avenue, Panorama City, CA 91402

9701 Vesper Avenue is a 0.75 ac of land for sale in Panorama City, CA 91402. This property was listed for sale on April 24, 2024 by Keller Williams Beverly Hills, it's currently listed at $5,600,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Plummer Elementary School, Francisco Sepulveda Middle School and Valley Academy Of Arts And Sciences. 9701 Vesper Avenue is a 0-bed, 0-bath, 0.75 ac of land on a 32,681 sq. ft. / 0.75 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.