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.

Condo located at 7900 Willis Panorama City, CA 91402. It has 0.00 beds, 0.00 bathrooms, and is 13824 square feet. The property was built in 1953. 7900 Willis Panorama City, CA 91402 is in the Panorama City neighborhood.