R3-Zoned Development
For Sale
$2,499,999
7911 Ventura Canyon Avenue, Panorama City, CA 91402
R3 zoned lot with previously expired permits for a 31-unit apartment plan.
Property SizeContact for details
Days on Market95
Property Features for 7911 Ventura Canyon Avenue
General Information
Standard status
Active
Property subtype
Lot/Land
Zoning
R3
Additional Details
Highway Access
Yes
Listing Agency:
King Realty Group Inc
(909) 203-5800
Listed By:
May Phan · License #02026356
(909) 203-5800
Source:
Compass
Added: May 7
Changed: Aug 8
Last Checked: May 8 at 5:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of King Realty Group Inc
Investment Insights
Based on property information with market context.
This offering is a rare development lot in Panorama City. The property is identified as an R3 lot and was previously planned for a 31-unit apartment project; permits for that plan are now expired. The asset is being marketed as land value, with redevelopment concepts requiring buyer verification.
The seller notes the location as centrally positioned near freeways, transit, shopping, and major employment hubs, which may support a range of end-buyer or rental-focused strategies (buyer to verify).
All prospective buyers should confirm zoning, density, access, utility availability, and development potential with the City. If pursuing the prior concept, the previous permit status and requirements should be reviewed during due diligence.
The seller notes the location as centrally positioned near freeways, transit, shopping, and major employment hubs, which may support a range of end-buyer or rental-focused strategies (buyer to verify).
All prospective buyers should confirm zoning, density, access, utility availability, and development potential with the City. If pursuing the prior concept, the previous permit status and requirements should be reviewed during due diligence.
Key Highlights
- R3‑zoned lot in Panorama City with previously expired permits for a 31‑unit apartment project
- Permits previously planned for a 31‑unit apartment development (buyer to verify plans/feasibility with the City)
- Property was sold for land value
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,653
Businesses Nearby
Explore this area
Business Placement
Demographics for 91402, CA
70,140
Population
20,570
Households
3.4
Avg Household Size
35
Median Age
19%
College-Educated
67%
High-School Grad
3.7 sq mi
ZIP Area
18,957
Density / Sq Mi
$56,369
Median Household Income
$31,452
Median Earnings
$1,607
Median Rent
$586,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - R3 zoned lot with previously expired permits for a 31-unit apartment plan.
Where is this residential land & home lot located?
The property is located at 7911 Ventura Canyon Avenue Panorama City, CA.
What is the asking price?
The asking price for this property is $2,499,999.
What are key features of this property?
This property features: R3‑zoned lot in Panorama City with previously expired permits for a 31‑unit apartment project; Permits previously planned for a 31‑unit apartment development (buyer to verify plans/feasibility with the City); Property was sold for land value
