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$745,000
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Property Description
Incredible Development Opportunity in Panorama City - Zoned LARD5.
Unlock exceptional potential with this rare high-density multifamily residential zone 1,183 sq ft 2-bedroom, 1-bath home situated on an expansive 9,749 sq ft lot in a prime Panorama City location. This property presents a significant opportunity for developers and investors exploring multifamily, low-income, or affordable housing development; in addition to home buyers building their dream home with the possibility of an ADU addition.
This is a premier investment opportunity-a true blank canvas ready to be transformed into something exceptional. Location advantages include close proximity to Kaiser Permanente Hospital, major employment centers, transit, shopping, restaurants, freeway access and strong rental demand.
All information is deemed reliable but not guaranteed by seller or broker. Buyers and their representatives must independently verify zoning, density, development rights, permits, utilities, building feasibility, and all other property details. Property is offered AS-IS with no repairs. Buyer assumes responsibility for all inspections and due diligence.
Full Property Details
Full Property Details for 8541 Ventura Canyon Ave
General
- Sold For: $745,000
- Status: Closed
- Type: Single Family
- Source: MRMLS
- MLS ID: SR25271285
- Added to Site: 92 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down
- Fireplace: Yes
- Fireplace(s): See Remarks
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
Location
- County: Los Angeles
- Driving Directions: 5 S to 170 to Hollywood EXIT ROSCO BLVD, R Roscoe, R Allott Ave, R Ventura Canyon, property on LEFT side of Ventura Canyon
School Information
- School District: Los Angeles Unified
Community
- Community Features: Valley
Heating & Cooling
- Cooling Type: Central Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Single Family Residence
- Common Walls: No Common Walls
- Entry Location: Front
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,180
- Sq. Ft. Source: Assessor
- Year Built: 1941
- Year Built Source: Public Records
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.2238
- Lot Size Source: Public Records
- Lot Dimensions: 9749
- Zoning: LARD5
- Lot Description: Yard
Financial Considerations
- Price Per Sq. Ft.: $631.36
Disclosures and Reports
- Special Conditions: Trust, Standard
Listed by Pinnacle Estate Properties, Cheri Fiallos
Sold by Park Regency Realty, Luis Iglesias
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Schools
Schools serving 8541 Ventura Canyon Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Chase Street Elementary School 14041 Chase St., Los Angeles, CA 91402 | K-5 | 0.5 mi |
Robert Fulton College Preparatory School 7477 Kester Ave., Los Angeles, CA 91405 | 6-12 | 1.9 mi |
Panorama High School 8015 Van Nuys Blvd., Los Angeles, CA 91402 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8541 Ventura Canyon Ave
Date
Details
Price
Change
Source
3/03/2026
Sold
$745,000
-6.76%
MLS
1/28/2026
Price Reduced
$799,000
-3.62%
MLS
12/26/2025
Listed
$829,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8541 Ventura Canyon Avenue, Panorama City, CA 91402 (MLS# SR25271285) is a Single Family property that was sold at $745,000 on March 03, 2026. Want to learn more about 8541 Ventura Canyon Avenue? Do you have questions about finding other Single Family real estate for sale in Panorama City? You can browse all Panorama City real estate or contact a Coldwell Banker agent to request more information.

