Section Image

Panorama City

Panorama City

$701,778 Average Value
$519 Average Price per Sq Ft
55 Homes For Sale

LA’s first masterplan community

Developers built Panorama City at the end of World War II, when soldiers returned, started families and bought homes. It was Los Angeles’s first master plan community and perhaps one of the country’s best examples of tract housing, serving as a model for future neighborhoods. Although Panorama City initially restricted access to whites only, today, it’s a vibrant cultural hub, with roughly three-quarters of the population identifying as Hispanic. Real estate broker and owner of Valdez Realty, Richard Valdez, who has over 14 years of experience selling in the San Fernando Valley, says, “Affordability and accessibility bring people to Panorama City.”

A view of the Panorama City, CA neighborhood's NE corner.
A view of the Panorama City, CA neighborhood's NE corner.
Panorama City
Panorama City
1/2

Hanging out at Plaza del Verde

Commercial conveniences are clustered up and down Van Nuys Boulevard. At Plaza del Valle, families wander through the outdoor pedestrian plaza with over 100 shops and restaurants in open-air stalls. The brightly colored shopping center, with murals and vibrant sculptures, has been a community staple since 1960. To Panorama City residents, it’s more than a shopping center – it’s a place where neighbors gather, eat meals together at outdoor tables and catch up. At close by Panorama Mall, residents get their retail therapy fix, shopping stores like Fashion Nova and Finish Line. Afterward, they can grab groceries from Walmart or, to avoid the mall, head to Adli or Food4Less. Nearby Vallarta Supermarket on Woodman Avenue sells Latin groceries and specialty foods. Due to the neighborhood’s urban density, locals are close to a plethora of shopping and dining options. Local favorites include Bamboo Bistro on Van Nuys Boulevard, which serves Filipino cuisine and hosts comedy and karaoke nights, and Ponchos Taqueria, located within Plaza del Valle.

Ponchos Taqueria
Ponchos Taqueria
Plaza del Valle in Panorama City is a great walkable shopping district in Panorama City, CA.
Plaza del Valle in Panorama City is a great walkable shopping district in Panorama City, CA.
1/2

Post-war housing

Most homes in Panorama City sit on wide, walkable roads with cars parked in front of them. Mature trees dot uniform lots. For $300,000 to $500,000, buyers can find a two- or three-bedroom condo or townhome. Many of these properties are built in the Pueblo style, constructed with adobe or a lookalike material. Others feature verandas and charming bedroom balconies. Single-story Spanish Revival homes dominate Panorama City, many featuring stucco siding, tile roofs and backyard pools. Homebuyers can find a property needing upgrades for around $600,000, while turnkey homes run in the $700,000 to $900,000 range. Two-story houses typically span the low millions, and those looking to invest can find a multi-family residence for $1 to $3 million. “Panorama City is a little more affordable than neighboring Van Nuys, where the houses usually sell in the $800,000 range,” Valdez says.

Panorama City
Panorama City
A vibrant home with a garden in Panorama City, CA.
A vibrant home with a garden in Panorama City, CA.
1/2

20 miles from Downtown Los Angeles

“People like that they can hope on the 170, the 5 and the 405 freeways and get around easily,” Valdez says. “There’s also public transportation along Van Nuys Boulevard.” Using U.S. Interstate 5, locals can reach Downtown Los Angeles in about 20 miles. Multiple LADOT bus routes go through the area, and the Van Nuys Metrolink stop is also nearby. When it’s time to fly, residents can access two airports: the Van Nuys Airport, about 4 miles southwest, and the Hollywood Burbank Airport, about 8 miles southeast. And in case of emergency, Kaiser Permanente Panorama City Medical Center and the Sepulveda VA Medical Center are less than 5 miles away from most homes.

Panorama City neighborhood is a middle-class neighborhood in the heart of CA.
Panorama City neighborhood is a middle-class neighborhood in the heart of CA.
Panorama City, Metrolink
Panorama City, Metrolink
1/2

Panorama Park and Tobias Avenue Park

Families head to the playground at Panorama Park while health enthusiasts exercise on the outdoor fitness equipment. In the summer, a splash pad cools kids off, and various sports courts offer spots for friendly competition. It’s the location of the Panorama City Recreation Center, which hosts numerous community engagement opportunities throughout the year, from art classes to sports leagues. The Sepulveda Recreation Center is also nearby and includes similar amenities; however, instead of a splash pad, there’s a public swimming pool. Tobias Avenue Park is smaller, with basketball courts, a playground, walking trails and picnic tables.

Play with your friends at Panorama Recreation Center Tennis Court.
Play with your friends at Panorama Recreation Center Tennis Court.
Tobias Avenue Park
Tobias Avenue Park
1/2

Magnet programs at Panorama High School

Students are zoned for the Los Angeles Unified School District. They can attend Burton Street Elementary School and Vista Middle School, which both receive C-plus grades from Niche. They can finish their public education at Panorama High School, which receives a B-minus from Niche. Panorama offers three Magnet programs, including a Social Justice and Leadership (SJL) Magnet.

Panorama High School
Panorama High School
Panorama High School
Panorama High School
1/2
Christopher Montagne-Waggoner
Photography Contributed By
Christopher Montagne-Waggoner
Lucas Dyke
Video By
Lucas Dyke

Interested in learning more about homes in this area? Reach out to Armen Aroyan, an experienced agent in this area.

Agents Specializing in this Area

See All Agents

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Panorama City Housing Trends

Housing Trends

Median List Price
$699,925
Median Sale Price
$686,500
Median Single Family Sale Price
$835,000
Median Townhouse Sale Price
$517,000
Median 2 Bedroom Sale Price
$400,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
152
Median Home Sale Price YoY Change
-3%
Average Price Per Sq Ft
$519

Area Facts

Number of Homes
8,249
Number of Homes for Sale
55
Median Year Built
1953
Months of Supply
4.30
Average Single Family Home Size Sq Ft
1,399
Significantly below the national average
1,930
Average Townhouse Size Sq Ft
1,853
Average 2 Bedroom Size Sq Ft
1,099
Average 1 Bedroom Size Sq Ft
732
Median Lot Size Sq Ft
6,098

Open Houses

  • Saturday, Mar 14
    Open House 3/14

    7560 Woodman Place Unit 52, Van Nuys, CA 91405

    $145,000

    • 2 Beds
    • 1 Bath
    • 680 Sq Ft
    • 7560 Woodman Place
    • Unit 52
    • New 2 days ago

    This beautiful home is located in Sierra Spring Village. Nestled in a quiet gated community. This home offers 2 Bedrooms, 1 Bath, and 680 square feet of large open living space. Walking up to the front of the home, you have an assigned parking space. The property comes with a refrigerator, stove, stackable washer, and dryer. The living room features an open layout to the dining area. The kitchen

    Agent Photo
    Estella Padilla
    Beverly and Company
    (747) 330-0582
    Section Image
    Section Image
  • Saturday, Mar 7
    Open Sat 2PM - 4PM

    14847 W Maple Terrace, Los Angeles, CA 91402

    $765,000

    • 4 Beds
    • 4 Baths
    • 1,953 Sq Ft
    • 14847 W Maple Terrace
    • New 21 days ago

    This stunning 4-bedroom, 4-bathroom townhouse, built in 2017, combines modern elegance with thoughtful upgrades, situated in the heart of Panorama City.**Key Features:**- **Spacious Layout**: The open-concept design showcases a generous living area that flows seamlessly into a contemporary kitchen, equipped with stainless steel appliances, quartz countertops, and ample cabinetryideal for both

    Dana Austin Compass

    Section Image
  • Saturday, Mar 7
    Open Sat 11AM - 2PM

    9053 Willis Ave, Panorama City, CA 91402

    $399,000

    • 2 Beds
    • 2 Baths
    • 1,152 Sq Ft
    • 9053 Willis Ave
    • New 1 day ago

    Welcome to this well-maintained 2-bedroom, 2-bath townhome offering approximately 1,152 sq ft of living space in a quiet gated community in the heart of Panorama City. This inviting home features a light and bright floor plan, spacious living and dining areas, and a functional kitchen with ample storage and pantry space. Interior convenient in-unit laundry hookups. The home also includes a 2-car

    Vincent Nunes Circle Real Estate

    Section Image

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Panorama City Has More Renters

Demographics

Total Population
72,365
Median Age
37
Population under 18
25.5%
On par with the national average
23.8%
Population over 65
13.9%
Below the national average
19.1%

Finances

Median Household Income
$56,309
Significantly below the national average
$79,601
Average Household Income
$77,596

Education and Workforce

High School Graduates
65.8%
Below the national average
89%
College Graduates
16.7%
Below the national average
34.1%
Advanced Degrees
2.7%
% Population in Labor Force
67.5%

Weather

Annual Precipitation
13''
Average Winter Low Temperature
45°F
Average Summer High Temperature
91°F
Annual Snowfall
0''

Area Factors

Bikeable

Bike Score®®

62 / 100

Very Walkable

Walk Score®®

75 / 100

Good Transit

Transit Score®®

51 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Panorama City
Armen Aroyan
Select Real Estate LA
Section Image