NOT LISTED FOR SALE

8800 Cedros Ave Unit 214 Panorama City, CA 91402

Estimated Value: $275,000 - $327,000

1 Bed
1 Bath
674 Sq Ft
$300/mo HOA Fee

Last Sold March 15, 2023

Last sale price $275,000 $408 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,268/month

38 Days on Market

Highlights

  • Gated Community
  • 1.12 Acre Lot
  • Community Pool
  • Valley Academy of Arts & Sciences Rated A-
  • Main Floor Primary Bedroom
  • Walk-In Closet

About This Home

As of March 2023

Updated 1 bedroom 1 bathroom condominium conveniently located near shopping centers, restaurants, recreation areas and CSUN. This unit is light and bright with newer wood and tile flooring, a lovely kitchen and a large walk-in closet in the bedroom. There is a swimming pool and centrally located laundry facility. This is a gated community with secure parking for one car. Easy access to the 5, 405 and 118 freeways which makes commuting a breeze. Ideal for an investor or perfect for first time buyer who wishes to make their dream of homeownership come true.

Last Agent to Sell the Property

Jennie Izumi

BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate License #01873270 Listed on: 01/05/2023

BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate

Last Buyer's Agent

Alex Salvador

Lexmar Capital License #01414952

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,485

Year Built

  • Built in 1977

Lot Details

  • 1.12

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Assigned Parking
  • Community Parking Structure

Interior Spaces

  • 674 Sq Ft Home
  • Living Room
  • Gas Oven
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Two or More Common Walls

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 38116
  • Assessor Parcel Number 2653003107
  • $109 per year additional tax assessments

Community Details

Overview

  • 50 Units
  • Liu Lan HOA, Phone Number (310) 444-7444
  • Allstate HOA Mgmt HOA
  • Maintained Community

Recreation

  • Community Pool

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,485

Year Built

Built in 1977

Lot Details

0

HOA Fees

$300 per month

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Gated Community
  • View: No
  • Zoning: LAR3
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2653003107
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 674.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 408.01
  • Room Type: Kitchen, Living Room, Main Floor Master Bedroom, Walk-In Closet
  • Bathroom Features: Shower In Tub

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Maintenance Grounds, Trash
  • Association Fee: 300.00
  • Association Fee Frequency: Monthly
  • Association Name: Liu Lan HOA
  • Phone: 3104447444
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Street Lights
  • Association Management: Allstate HOA Mgmt

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 48657.00
  • Lot Size Acres: 1.1170

Multi Family

  • Lease Considered: No
  • Lot Size Area: 48657.0000 Square Feet
  • Number Of Units In Community: 50
  • Number Of Units Total: 50

Tax Info

  • Tax Census Tract: 1201.03
  • Tax Lot: 1
  • Tax Tract Number: 38116
  • TaxOtherAnnualAssessmentAmount: 109.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
Mar 6, 2023
Sold by
Aghayani Adrineh
Bought by
Reyes Jo Benedick
Seller's Agent
Jennie Izumi
BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
Buyer's Agent
Alex Salvador
Lexmar Capital
List Price
$310,000
Sold Price
$275,000
Premium/Discount to List
-$35,000
-11.29%
Views
105
Current Estimated Value
$308,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,570
Avg. Annual Appreciation
4.75%
Original Mortgage
$247,500
Outstanding Balance
$240,233
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$68,337

Purchase Details

Listed on
May 31, 2016
Closed on
Oct 28, 2016
Sold by
Avoyan Ararat
Bought by
Aghayani Armond
Seller's Agent
Armine Daghbashyan
Coldwell Banker Hallmark Realty
Buyer's Agent
Jennie Izumi
BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
List Price
$126,000
Sold Price
$132,000
Premium/Discount to List
$6,000
4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.29%
Original Mortgage
$67,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2003
Sold by
Delgado Bernardino and Sotelo Fernanda
Bought by
Avoyan Ararat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 2002
Sold by
Delgado Bernardino
Bought by
Delgado Bernardino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,410
Interest Rate
7.13%

Purchase Details

Closed on
Jan 26, 2002
Sold by
Lloyd Jeffrey and Silverstein Ed
Bought by
Delgado Bernardino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,410
Interest Rate
7.13%

Purchase Details

Closed on
Jul 27, 1994
Sold by
Au Raymond Shih Dong and Au Susan Siu Wan
Bought by
Tong Yuen Inc
Source: Public Records

Range of Values:

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Average Value
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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
Reyes Jo Benedick $275,000 Fidelity-Sherman Oaks
Aghayani Armond $132,000 Fidelity Sherman Oaks
Avoyan Ararat $105,000 Ticor Title Company
Delgado Bernardino -- --
Delgado Bernardino $53,000 Old Republic Title Company
Tong Yuen Inc -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Jo Benedick $247,500
Previous Owner Aghayani Armond $67,000
Previous Owner Avoyan Ararat $120,000
Previous Owner Avoyan Ararat $84,000
Previous Owner Delgado Bernardino $51,410
Closed Avoyan Ararat $21,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2023 03/15/23 Sold $275,000 -11.3% $408 / Sq Ft
01/05/2023 01/05/23 For Sale $310,000 0.0% $460 / Sq Ft
10/29/2020 10/29/20 Rented $1,450 0.0% --
10/08/2020 10/08/20 For Rent $1,450 0.0% --
11/14/2016 11/14/16 Sold $132,000 +4.8% $196 / Sq Ft
07/28/2016 07/28/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $126,000 -- $187 / 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 $3,485 $286,109 $145,760 $140,349
2024 $3,485 $280,500 $142,902 $137,598
2023 $1,886 $147,244 $38,818 $108,426
2022 $1,797 $144,357 $38,057 $106,300
2021 $1,773 $141,527 $37,311 $104,216
2019 $1,720 $137,331 $36,205 $101,126
2018 $1,699 $134,640 $35,496 $99,144
2016 $1,494 $126,099 $55,363 $70,736
2015 $1,472 $124,206 $54,532 $69,674
2014 $1,482 $121,774 $53,464 $68,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB23000560

California Regional Multiple Listing Service (CRMLS)

APN: 2653-003-107