Seller's Agent in 2016
Essi Shilati
Compass
(818) 269-2248
21 Total Sales
8745 Cedros Ave Panorama City, CA 91402
Estimated Value: $529,000 - $2,879,312
30
Beds
20
Baths
26,590
Sq Ft
$43/Sq Ft
Est. Value
Highlights
- 0.58 Acre Lot
- High Ceiling
- Cooling System Powered By Gas
- Valley Academy of Arts & Sciences Rated A-
- Granite Countertops
- Views
About This Home
As of September 201616 units. One of the nicest apartment buildings in the area with true high cap rate and no rent control. Built in 2008, all units are very large town home style, all have 3 bedrooms, 2 1/2 baths, most of the units have 3 car garage. All units have granite counter tops, modern kitchen, 9 feet ceilings, very spacious, light and bright, laundry closet inside each unit. Fully occupied. Approximately $3.3 mil Assumable loan at 5.5% fixed rate, most importantly 5.72% cap rate, and over 3% positive cash flow. Very close to the transportations, and shoppings.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,399
Year Built
- Built in 2008
Lot Details
- 0.58 Acre Lot
- No Common Walls
Parking
- 46 Car Garage
- 2 Carport Spaces
- Parking Available
- Assigned Parking
- Controlled Entrance
Interior Spaces
- 26,590 Sq Ft Home
- High Ceiling
- Laminate Flooring
- Property Views
Kitchen
- Gas Range
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Bedrooms and Bathrooms
- 30 Bedrooms
- All Upper Level Bedrooms
- 20 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Utilities
- Cooling System Powered By Gas
- Central Heating and Cooling System
Additional Features
- Accessible Parking
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas, HVAC maintenance
- Tax Lot 16
- Tax Tract Number 60609
- Assessor Parcel Number 2653004204
Community Details
Overview
- 2 Buildings
- 13 Units
Building Details
- 16 Leased Units
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,680
- Insurance Expense $6,500
- Maintenance Expense $8,000
- Other Expense $3,000
- Professional Management Expense $15,444
- Trash Expense $3,696
- Water Sewer Expense $25,160
- New Taxes Expense $55,000
- Gross Income $34,048
- Net Operating Income $286,096
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 8, 2016
Closed on
Oct 25, 2016
Sold by
Abdy Llc
Bought by
Sandra Manor Management Group Llc
Seller's Agent
Essi Shilati
Compass
List Price
$5,250,000
Sold Price
$4,900,000
Premium/Discount to List
-$350,000
-6.67%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,764,172
Avg. Annual Appreciation
-15.07%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sandra Manor Management Group Llc | $1,661,000 | Lawyers Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sandra Manor Mangement Group Llc | $4,655,000 | |
| Previous Owner | Abdy Llc | $3,500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2016 09/30/16 | Sold | $4,900,000 | -6.7% | $184 / Sq Ft |
| 06/10/2016 06/10/16 | Pending | -- | -- | -- |
| 03/08/2016 03/08/16 | For Sale | $5,250,000 | -- | $197 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $4,399 | $357,453 | $141,588 | $215,865 |
| 2024 | $4,399 | $350,445 | $138,812 | $211,633 |
| 2023 | $4,316 | $343,575 | $136,091 | $207,484 |
| 2022 | $4,115 | $336,839 | $133,423 | $203,416 |
| 2021 | $4,059 | $330,235 | $130,807 | $199,428 |
| 2019 | $3,937 | $320,442 | $126,928 | $193,514 |
| 2018 | $3,888 | $314,160 | $124,440 | $189,720 |
| 2016 | $2,268 | $181,550 | $22,554 | $158,996 |
| 2015 | $2,236 | $178,824 | $22,216 | $156,608 |
| 2014 | $2,250 | $175,322 | $21,781 | $153,541 |
Source: Public Records
Agents Affiliated with this Home
-
Essi Shilati
-
Carlos Gonzalez
Buyer Co-Listing Agent in 2016
Carlos Gonzalez
DealTrade Inc.
(888) 999-8089
-
C
Buyer Co-Listing Agent in 2016
Carlos A.G. Gonzalez
DealTrade Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR16049737
APN: 2653-004-204
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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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