NOT LISTED FOR SALE

8553 Ventura Canyon Ave Panorama City, CA 91402

Estimated Value: $890,000 - $966,601

3 Beds
2 Baths
1,785 Sq Ft
$519/Sq Ft Est. Value

Last Sold May 04, 2022

Last sale price $1,545,000 $866 Per Sq Ft

Est. 41% decrease in value since last sale

Current estimated payment $5,890/month

93 Days on Market

Highlights

  • No HOA
  • Central Heating
  • 1-Story Property
  • Fireplace

About This Home

As of May 2022

Huge potential for development for low income or affordable housing. Two parcels being sold together. This house is zoned LARD5 and the adjoining parcel of 12,482 square feet with a 1,329 square foot building is zoned LACR for a total lot square footage of 21,887 square feet. Located at the corner of Woodman and Ventura Canyon with access from Woodman, makes this an ideal development deal. There are tenants on both properties with no written leases. Do not disturb the existing tenants. Use your imagination. Both parcels must be sold together. Property is a probate which does not require court confirmation. All offers must be written on a probate purchase agreement form. Call listing agent for complete information.

Last Agent to Sell the Property

Brian Hatkoff

Hatkoff Investments License #00644374 Listed on: 11/20/2021

Last Buyer's Agent

Gevork Torosyan

One Stop Real Estate & Finance License #01266580

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,758

Year Built

  • Built in 1941

Lot Details

  • 9,373 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • 2637021007
  • Property is zoned LARD5

Parking

  • 2 Car Garage

Interior Spaces

  • 1,785 Sq Ft Home
  • 1-Story Property
  • Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating
  • Septic Type Unknown

Community Details

  • No Home Owners Association
  • Valley

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 12847
  • Assessor Parcel Number 2637021005
  • $334 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,758

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: LARD5
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2637021005
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1785.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 865.55
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Valley

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 2637021007
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9373.00
  • Lot Size Acres: 0.2152

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9373.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1204.00
  • Tax Lot: 25
  • Tax Tract Number: 12847
  • TaxOtherAnnualAssessmentAmount: 334.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2023
Sold by
Harutyunyan Gayane
Bought by
Canon John Henry and Campos-Canon Grace
Current Estimated Value
$916,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$807,500
Outstanding Balance
$783,926
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$142,974

Purchase Details

Closed on
Oct 15, 2019
Sold by
Harutyunyan Lusine
Bought by
Harutyunyan Anushavan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 2019
Sold by
Tucker Scott Allen
Bought by
Harutyunyan Anushavan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 23, 2003
Sold by
Tucker Scotty Allen
Bought by
Tucker Scott Allen and Tucker Kathleen Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2003
Sold by
Mcadams Marian E
Bought by
Mcadams Marian E and 2003 Marian E Mcadams Revocable Trust

Purchase Details

Closed on
Apr 8, 1999
Sold by
Mcadams John W
Bought by
Mcadams John W and Mcadams Marian E
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Canon John Henry $850,000 Chicago Title Company
Harutyunyan Anushavan -- Lawyers Title Company
Harutyunyan Anushavan $545,000 Lawyers Title Company
Tucker Scott Allen -- Old Republic Title Company
Mcadams Marian E -- --
Mcadams Marian E -- --
Mcadams John W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Canon John Henry $807,500
Previous Owner Harutyunyan Anushavan $436,000
Previous Owner Tucker Scott Allen $252,000
Previous Owner Tucker Scott A $150,000
Previous Owner Tucker Scott Allen $125,000
Previous Owner Tucker Scott Allen $75,000
Previous Owner Tucker Scott Allen $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2022 05/04/22 Sold $1,545,000 -6.4% $866 / Sq Ft
02/21/2022 02/21/22 Pending -- -- --
11/20/2021 11/20/21 For Sale $1,650,000 -- $924 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,758 $884,340 $655,452 $228,888
2024 $10,758 $867,000 $642,600 $224,400
2023 $8,321 $664,020 $464,100 $199,920
2022 $6,897 $561,658 $438,094 $123,564
2021 $6,808 $550,646 $429,504 $121,142
2019 $3,790 $301,322 $93,670 $207,652
2018 $3,666 $295,415 $91,834 $203,581
2016 $3,487 $283,946 $88,269 $195,677
2015 $3,437 $279,682 $86,944 $192,738
2014 $3,455 $274,204 $85,241 $188,963
Source: Public Records

Agents Affiliated with this Home

  • Brian Hatkoff

    Seller's Agent in 2022

    Brian Hatkoff

    Hatkoff Investments

    (818) 701-7789

    2 in this area

    20 Total Sales

    Section Image

  • G

    Buyer's Agent in 2022

    Gevork Torosyan

    One Stop Real Estate & Finance

    (818) 533-1103

    2 in this area

    23 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21252804

California Regional Multiple Listing Service (CRMLS)

APN: 2637-021-005

California Los Angeles County Panorama City 91331

8553 Ventura Canyon Ave, Panorama City, CA

This home is located at 8553 Ventura Canyon Ave, Panorama City, CA 91402 since 20 November 2021 and is currently estimated at $926,900, approximately $519 per square foot. This property was built in 1941. 8553 Ventura Canyon Ave is a home located in Los Angeles County with nearby schools including Chase Street Elementary School, Robert Fulton College Preparatory, 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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