FOR SALE
8407 Cedros Ave
Panorama City, CA 91402
Panorama City
2 Beds
16 Baths
7,188 sqft
- 2 Beds
- 16 Baths
- 7,188 sqft
2 Beds
16 Baths
7,188 sqft
Local Information
© Google
-- mins to
Commute Destination
Description
Set to benefit immensely from its position in the path of development, the property sits only one block from the planned 4.5 million square foot mixed-use development slated for the site of the existing Panorama Mall. Included in the proposal are 125,000 square feet of retail space, 70,000 square feet of restaurant space, 90,000 square feet of entertainment space, and 146,000 square feet of open space. That project intends to capitalize on the upcoming East San Fernando Valley Light Rail Line, which will include a Metro stop just two blocks from 8407 Cedros Avenue. Perhaps the most noteworthy development project currently in the San Fernando Valley, the light rail line will connect the Metro Orange Line, the Metrolink Train Line in Van Nuys, and the Metrolink Train Line in Sylmar/San Fernando. The majority of the new transit line will run along the median of Van Nuys Boulevard, with a station planned just two blocks from 8407 Cedros Avenue. In addition to boosting commerce in the immediate area, it will also provide the benefit of more convenient transportation for the property's tenants. With current rents approximately 42% below market rates, a new owner can capitalize on this rent upside to create increasing cash flow even before the neighborhood improves with the pending development projects. The building already features full copper plumbing, allowing an investor to enter the Los Angeles market at an attractively low $168,750 per unit with reduced maintenance costs. The existing loan may be assumable, allowing an investor to benefit from the low 3.14% interest rate as well. An additional revenue stream is provided by the on-site laundry facilities.
Home Highlights
Parking
6 Parking Spaces
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$376
Listed
80 days ago
Home Details for 8407 Cedros Ave
Interior Features |
|---|
Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 16 |
Dimensions and Layout Living Area: 7188 Square Feet |
Heating & Cooling Heating: OtherNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Other |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
Exterior Features |
|---|
Exterior Home Features Other Structures: None |
Parking & Garage No CarportNo GarageNo Attached GarageParking Spaces: 6Parking: Assigned |
Days on Market |
|---|
Days on Market: 80 |
Property Information |
|---|
Year Built Year Built: 1964 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Price & Status |
|---|
Price List Price: $2,700,000Price Per Sqft: $376 |
Active Status |
|---|
MLS Status: Active |
Location |
|---|
Direction & Address City: Panorama City |
Agent Information |
|---|
Listing Agent Listing ID: 23-239475 |
Building |
|---|
Building Area Building Area: 7188 Square Feet |
Lot Information |
|---|
Lot Area: 7518.456 sqft |
Listing Info |
|---|
Special Conditions: Standard |
Compensation |
|---|
Buyer Agency Commission: 2.25Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
|---|
Mls Number: 23-239475Listing Url |
Last check for updates: about 17 hours ago
Listing courtesy of Roderick 'Rick' Raymundo DRE # 01357019, (818) 219-6146
Marcus & Millichap, (818) 212-2700
Source: CLAW, MLS#23-239475
Price History for 8407 Cedros Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 02/08/2024 | $2,700,000 | PriceChange | CLAW #23-239475 |
| 02/07/2023 | $2,715,000 | Listed For Sale | CLAW #23-239475 |
Similar Homes You May Like
Skip to last item
NEW - 2 DAYS AGO0.46 ACRESElham Khani DRE # 01989596, Coldwell Banker Realty- 0.62 ACRESCraig Knizek DRE # 01377932, The Agency
- 0.76 ACRESBerkshire Hathaway HomeServices California Properties
- Evan Duval DRE # 02146134, Keller Williams Beverly Hills
- NEW CONSTRUCTIONGloria Carmona DRE # 01832843, Compass
- 0.39 ACRESJonathan Massaband DRE # 01745021, Onyx Realty Inc.
- Robin Gaur DRE # 01832992, Keller Williams Hollywood Hills
- 0.46 ACRESNatalia Barbachkova DRE # 02035515, The Wellmakers Group
- FORECLOSURE0.5 ACRESOliver Moussazadeh DRE # 01721353, Revilo Realty, Inc.
See more homes for sale inPanorama CityTake a look
Skip to first item
New Listings near 8407 Cedros Ave
Skip to last item
- NEW - 1 HR AGO0.3 ACRESDeborah Scharf DRE # 00990798, HomeSmart, Evergreen Realty
- Matthew Karic DRE # 01999878, Equity Union
- Mahnaz Sharifi DRE # 01952449, Keller Williams Beverly Hills
- See more homes for sale inPanorama CityTake a look
Skip to first item
Comparable Sales for 8407 Cedros Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.53 | Multi-Family Home | $3,360,000 | 08/28/23 | 14 | 13 | 8,699 | |
0.31 | Multi-Family Home | $3,590,000 | 04/05/24 | 19 | 25 | 13,422 | |
0.75 | Multi-Family Home | $1,280,000 | 10/06/23 | 12 | 6 | 5,418 | |
0.55 | Multi-Family Home | $3,115,000 | 12/26/23 | 32 | 20 | 15,806 | |
0.90 | Multi-Family Home | $2,940,000 | 09/28/23 | 20 | 12 | 9,480 | |
0.91 | Multi-Family Home | $2,940,000 | 09/28/23 | 20 | 12 | 9,480 | |
1.40 | Multi-Family Home | $1,570,000 | 09/05/23 | 6 | 5 | 3,934 | |
1.53 | Multi-Family Home | $11,500 | 07/27/23 | 7 | 4 | 3,112 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Panorama City
- Trulia User
- Resident
- 8mo ago
"I see a lot of people walking their dogs some pick up others don’t. Dogs are always on leash. Sidewalk are wide enough to get through. Most people move to this area because they have dogs. It’s not the best place but you get to live with your dog. "
- Trulia User
- Resident
- 10mo ago
"Yes. Everyone walks their dogs. They are very friendly. They are very social as well. People here usually have 2 or more dogs"
- Trulia User
- Resident
- 1y ago
"This is a good area for sure and the stores have good quiet products and make sure that we have most of what we need … this is a good area for kids to grow "
- Trulia User
- Resident
- 2y ago
"Lots of crimes and feel unsafe when traveling in public transport with kids. Some area-panorama, have high crime rate. Great taco stands in this area tho. "
- Trulia User
- Resident
- 2y ago
"People drive really fast in this street, so be prepared to not have the kids play freely in the street."
- Trulia User
- Resident
- 2y ago
"Lots of untrained dogs and no dog parks. There are no dog friendly places. Panorama Towers is the only place that is completely dog friendly. "
- Grace V.
- Resident
- 3y ago
"The neighborhood is filled with diversity. Close to Freeway 5 and 405, stores, schools, and parks (Sepulveda Recreation Center). "
- Sally C.
- Resident
- 3y ago
"traffic is okay can get bad sometimes around 7 not too bad only on van nuys around 5-7 pm or early morning "
- Hugo J.
- Resident
- 4y ago
"The diversity and culture. Lived here all my life. Everyone is friendly and loves to party. If you have pets that don’t like the 4th of July, this isn’t the City for you."
- Allen S.
- Resident
- 4y ago
"Short but not worth it, not safe. People are mean and will run you over given the chance. Leave nothing in car or out in the open."
- Jwekzz23
- Resident
- 4y ago
"I’m not aware of any community events. But we do have a lot of shops around here which makes it convenient. "
- Rachel R.
- Resident
- 4y ago
"This place is horrible. Dirty, homeless people camped out. Regret my move here 100%. I have had issue after issue with management trying to get them to do their job. Our car has been broken into..... in a gated parking garage. Safety is not a thing here "
- Babigourl1629
- Resident
- 4y ago
"Nothing makes it unique it’s not a good place here in my opinion I dislike living in this area a lot of messes and crazy people"
- Diza I.
- Resident
- 4y ago
"There are no events going on , on my neighborhood . Some walk their dogs and greet friendly . Other than that barely see neighbor around unless they are cleaning their front yard . Have 5X bikes stolen inside front yard though. "
- Erick P.
- Resident
- 4y ago
"it's not a good area to walk a dog... there's too many apartment buildings with no grass or garden in front of them"
- Jacqueline R. L.
- Resident
- 4y ago
"There’s trash everywhere. No one cleans up after their dogs. You’ll hear a cop or an ambulance at least once a week. "
- Pankekes2012
- Resident
- 4y ago
"parking is horrible but it's a calm city no major issues great place to live there's a lot of stuff close by"
- Babigourl1629
- Resident
- 4y ago
"This place honestly sucks the schools do too there is trash everywhere perverted men and it’s very noisy "
- Erick P.
- Resident
- 4y ago
"overcrowded... after 4:00 pm you will never find parking on the street... the closest parking it's 7 to 10 blocks away... not a place to raise kids not safe at all"
- Martin G. A.
- Resident
- 4y ago
"yes this is a family neighborhood. i feel safe in the neighborhood. pretty quite.you can walk at night with peace of mind."
- Jose S.
- Resident
- 4y ago
"Don’t like it, huge parking problem on the street, also people leave too much garbage on the sidewalks, like old furniture, used appliances old dirty mattresses used toys clothes anything I see it every day. "
- Carlos G
- Resident
- 4y ago
"It’s an ok area, too many homeless people in j the are. Schools near by as well as parks. Local church also near. "
- Martin G. A.
- Resident
- 5y ago
"i lived in this neighborhood for the last 3 years. its a quite neighborhood.safe and i feel comfortable walking at nite."
- Zabriean m.
- Resident
- 5y ago
"This neighborhood is not very friendly to say the least. I grew up around here and love the people in it but if I’m being honest this ain’t it"
- David G.
- Resident
- 5y ago
"i dnt even know what is so unique about this neighborhood probably everything is close by like markets walmart and the panorama mall"
- Gmontoya17
- Resident
- 5y ago
"there are many dog owners in the neighborhood. It is safe to walk around during morning and the day. There isnt much light at night. "
- Shane A.
- Resident
- 5y ago
"The city of panorama is pretty safe when it comes to living in the area. Although it may not seem like a thriving city it has a close neighbor family relationship."
- David G.
- Resident
- 5y ago
"not finding parking panorama is the worst to try to get a parking space if u leave in a building bt if u leave in a house u got more space"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Roderick 'Rick' Raymundo, Marcus & Millichap
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
8407 Cedros Ave, Panorama City, CA 91402 is a 2 bedroom, 16 bathroom, 7,188 sqft multi-family built in 1964. 8407 Cedros Ave is located in Panorama City, Panorama City. This property is currently available for sale and was listed by CLAW on Feb 8, 2024. The MLS # for this home is MLS# 23-239475.