RARE LOT WITH SIGNICANT UPSIDE IN AN AREA WITH UNLIMITED DEVELOPMENT OPPORTUNITY. Centrally located near freeways, transit, shopping, and major employment hubsan attractive location for both renters and end buyers, this R3 lot is in a high-demand panorama city location. This property is ideal for multifamily development with strong potential to build apartments for long-term rental income, develop condos for resale, or a hybrid strategy (buyer to verify). This property was previously planned for a 31-unit apartment project, permits are expired but this offers a valuable head start for redevelopment. Property sold for land value. Buyer to verify zoning, density, access to utilities and development potential with the City.
Details
MLS #
TR26098614
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Days On Site
107
Listing Provided By
King Realty Group Inc | May Phan
Features
Acreage
0.45
Property View
None
Exterior
Lot Features
Zero To One Unit Acre
Utilities
Utilities
Electricity Available, Natural Gas Available, None, Sewer Available, Water Available
Location
Community Features
Sidewalks
Area Information
State
CA
County
Los Angeles
City
Panorama City
Zip Code
91402
Area
PC Panorama City
Listing VS Median (in 91402)
Price: $2,499,999
low | high
Med: $567,000
100% of Average
On site: 107
low | high
Med: 34.5
100% of Average
Sourced by Back At You
Market Activity 91402
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Jul 2026
Sales: 3
Avg $ Per SqFt: $542.48
Min Sale Price: $476,000
Max Sale Price: $830,000
Med Sale Price: $820,000
Date: Jun 2026
Sales: 5
Avg $ Per SqFt: $516.44
Min Sale Price: $475,000
Max Sale Price: $1,030,000
Med Sale Price: $715,000
Date: May 2026
Sales: 17
Avg $ Per SqFt: $524.8
Min Sale Price: $455,000
Max Sale Price: $1,175,000
Med Sale Price: $725,000
Date: Apr 2026
Sales: 11
Avg $ Per SqFt: $492.08
Min Sale Price: $295,000
Max Sale Price: $865,000
Med Sale Price: $700,000
Date: Mar 2026
Sales: 12
Avg $ Per SqFt: $526.98
Min Sale Price: $460,000
Max Sale Price: $1,250,000
Med Sale Price: $729,500
Date: Feb 2026
Sales: 10
Avg $ Per SqFt: $506.32
Min Sale Price: $375,000
Max Sale Price: $1,147,000
Med Sale Price: $751,250
Date: Jan 2026
Sales: 13
Avg $ Per SqFt: $501.46
Min Sale Price: $315,000
Max Sale Price: $1,285,000
Med Sale Price: $625,000
Date: Dec 2025
Sales: 2
Avg $ Per SqFt: $497.74
Min Sale Price: $410,000
Max Sale Price: $745,000
Med Sale Price: $577,500
Date: Nov 2025
Sales: 2
Avg $ Per SqFt: $617.71
Min Sale Price: $430,000
Max Sale Price: $1,000,000
Med Sale Price: $715,000
Date: Oct 2025
Sales: 1
Avg $ Per SqFt: $397.35
Min Sale Price: $600,000
Max Sale Price: $600,000
Med Sale Price: $600,000
Date: Sep 2025
Sales: 2
Avg $ Per SqFt: $457.05
Min Sale Price: $550,000
Max Sale Price: $650,000
Med Sale Price: $600,000
Date: Aug 2025
Sales: 1
Avg $ Per SqFt: $368.03
Min Sale Price: $495,000
Max Sale Price: $495,000
Med Sale Price: $495,000
Sourced by Back At You
Jul 2026
Sales:
3
Avg $ Per SqFt:
$542.48
Min Sale Price:
$476,000
Max Sale Price:
$830,000
Med Sale Price:
$820,000
Jun 2026
Sales:
5
Avg $ Per SqFt:
$516.44
Min Sale Price:
$475,000
Max Sale Price:
$1,030,000
Med Sale Price:
$715,000
May 2026
Sales:
17
Avg $ Per SqFt:
$524.8
Min Sale Price:
$455,000
Max Sale Price:
$1,175,000
Med Sale Price:
$725,000
Apr 2026
Sales:
11
Avg $ Per SqFt:
$492.08
Min Sale Price:
$295,000
Max Sale Price:
$865,000
Med Sale Price:
$700,000
Mar 2026
Sales:
12
Avg $ Per SqFt:
$526.98
Min Sale Price:
$460,000
Max Sale Price:
$1,250,000
Med Sale Price:
$729,500
Feb 2026
Sales:
10
Avg $ Per SqFt:
$506.32
Min Sale Price:
$375,000
Max Sale Price:
$1,147,000
Med Sale Price:
$751,250
Jan 2026
Sales:
13
Avg $ Per SqFt:
$501.46
Min Sale Price:
$315,000
Max Sale Price:
$1,285,000
Med Sale Price:
$625,000
Dec 2025
Sales:
2
Avg $ Per SqFt:
$497.74
Min Sale Price:
$410,000
Max Sale Price:
$745,000
Med Sale Price:
$577,500
Nov 2025
Sales:
2
Avg $ Per SqFt:
$617.71
Min Sale Price:
$430,000
Max Sale Price:
$1,000,000
Med Sale Price:
$715,000
Oct 2025
Sales:
1
Avg $ Per SqFt:
$397.35
Min Sale Price:
$600,000
Max Sale Price:
$600,000
Med Sale Price:
$600,000
Sep 2025
Sales:
2
Avg $ Per SqFt:
$457.05
Min Sale Price:
$550,000
Max Sale Price:
$650,000
Med Sale Price:
$600,000
Aug 2025
Sales:
1
Avg $ Per SqFt:
$368.03
Min Sale Price:
$495,000
Max Sale Price:
$495,000
Med Sale Price:
$495,000
MLS Number: TR26098614
May Phan – phan.may@gmail.com
King Realty Group Inc – (909) 203-5800
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