NOT LISTED FOR SALE

8248 Sepulveda Place Panorama City, CA 91402

58 Beds
-- Bath
27,903 Sq Ft
0.29 Acres

Last Sold June 10, 2022

Last sale price $7,640,000 $274 Per Sq Ft

25 Days on Market

Highlights

  • Gated Parking
  • Wood Flooring
  • Tandem Parking
  • 0.29 Acre Lot
  • Balcony
  • Forced Air Heating and Cooling System

About This Home

As of June 2022

This 3 stories 17 unit property was built as condominiums in 2013 with a tentative tract map in place. The property boasts TWO (2+2+den), EIGHT (3+2), SEVEN (4+2) units. There is also an approximately 1000 sqft rec-room in the building with kitchen and bathroom. All units are spacious, well-maintained with washer/dryer hook-ups and currently all rented and occupied. All units are individually metered for water, electric and gas, so each tenant pays for all their utilities. The building is 27,903 sqft on a 12901 sqft lot per assessor. There are 38 on grade secured/gated parking spaces (32 tandem + 6 single spaces). All tenants are also able to relax and enjoy the city view on the gated rooftop deck. The building has 4 stories including the garage level and one elevator that runs from the garage level all the way up to the roof deck.

Last Agent to Sell the Property

Hovik Sarkissian

Providence Real Estate License #01137922 Listed on: 02/17/2022

Last Buyer's Agent

Neema Ahadian

Marcus & Millichap License #01346750

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2013

Lot Details

  • 0.29 Acre Lot
  • No Common Walls

Interior Spaces

  • 27,903 Sq Ft Home
  • Elevator

Flooring

  • Wood
  • Carpet

Parking

  • Parking Available
  • Tandem Parking
  • Gated Parking

Additional Features

  • Balcony
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2209001019

Community Details

Overview

  • 17 Units
  • Not Applicable 105 Subdivision

Building Details

  • 17 Leased Units
  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 18 Separate Water Meters
  • Operating Expense $47,450
  • Net Operating Income $419,896

Property Details

Home Type

Multi-Family

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 464706
  • Property Attached: No
  • Subdivision Name Other: Not Applicable-105
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 2209001019
  • Year Built: 2013
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Elevator, Tandem
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Levels: Three Or More
  • Price Per Square Foot: 273.81

Garage/Parking

  • Parking: Yes
  • Parking Features: Gated

Utilities

  • Heating: Yes
  • Heating Type: Forced Air
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12901.00
  • Lot Size Acres: 0.2900

Multi Family

  • Lot Size Area: 12901.0000 Square Feet
  • Net Operating Income: 419896.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 18
  • Number Of Units Leased: 17
  • Number Of Units Total: 17
  • Operating Expense: 3954.16
  • Total Actual Rent: 481800.00
  • Total Expenses: 47450.00
  • Vacancy Allowance: 14454
  • Vacancy Allowance Rate: 3.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $7,640,000 -2.1% $274 / Sq Ft
02/17/2022 02/17/22 For Sale $7,800,000 -- $280 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2022

    Hovik Sarkissian

    Providence Real Estate

  • N

    Buyer's Agent in 2022

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    3 in this area

    92 Total Sales

    Neema Ahadian
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320009328

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Panorama City 91402

8248 Sepulveda Place, Panorama City, CA

This home is located at 8248 Sepulveda Place, Panorama City, CA 91402 since 17 February 2022. This property was built in 2013. 8248 Sepulveda Place is a home located in Los Angeles County with nearby schools including Noble Avenue Elementary School, Vista Middle School, and Panorama High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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