$415,000
SOLD MAY 30, 2023

8801 Cedros Ave Unit 7 Panorama City, CA 91402

3 Beds
3 Baths
1,971 Sq Ft
$250/mo HOA Fee

Recently Sold

$211 Per Sq Ft

8% Below List Price

62 Days on Market

Highlights

  • Infinity Pool
  • 1.09 Acre Lot
  • 2 Car Attached Garage
  • Valley Academy of Arts & Sciences Rated A-
  • Traditional Architecture
  • Laundry Room

About This Home

As of May 2024

This Panorama City Townhome is centrally located, and it offers 3 bedrooms with 2.5 baths, primary bedroom with private bath and walking closet, large living room with fireplace, spacious kitchen with dining room, laundry room and 2 car attached garage with direct access. The complex offers secure private entrance with community pool. This unit requires TLC.

Last Agent to Sell the Property

Hector Palacios

Park Regency Realty License #01197231 Listed on: 03/04/2023

Park Regency Realty

Last Buyer's Agent

Outside Agent

Outside Office License #0

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,313

Year Built

  • Built in 1981

Lot Details

  • 1 Common Wall
  • Density is 26-30 Units/Acre

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Automatic Gate

Home Design

  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 1,971 Sq Ft Home
  • 3-Story Property
  • Zero Clearance Fireplace
  • Living Room with Fireplace

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • All Upper Level Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Pool

  • Infinity Pool

Utilities

  • Central Heating and Cooling System
  • Private Water Source
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 31358
  • Assessor Parcel Number 2653004149
  • $228 per year additional tax assessments

Community Details

Overview

  • 28 Units
  • West Gate Homeowners Association, Phone Number (818) 893-0451
  • Valley

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,313

Year Built

Built in 1981

Lot Details

0

HOA Fees

$250 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Automatic Gate
  • View: No
  • Zoning: LARD1.5
  • Architectural Style: Traditional
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 2653004149
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1971.00 Square Feet
  • Stories: 3
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Zero Clearance
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 210.55
  • Room Type: All Bedrooms Up, Master Bathroom, Master Bedroom

Exterior Features

  • Pool Features: Community, Infinity
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Unknown
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool
  • Association Fee: 250.00
  • Association Fee Frequency: Monthly
  • Association Name: West-Gate Homeowners Association
  • Phone: 818-893-0451
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Valley
  • Association Management: West-Gate Homeowners Association

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 26-30 Units/Acre
  • Lot Size Sq Ft: 47304.00
  • Lot Size Acres: 1.0860

Multi Family

  • Lease Considered: No
  • Lot Size Area: 47304.0000 Square Feet
  • Number Of Units In Community: 28
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1201.08
  • Tax Lot: 3
  • Tax Tract Number: 31358
  • TaxOtherAnnualAssessmentAmount: 228.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2023
Closed on
May 3, 2024
Sold by
Nrb American Llc
Bought by
Melikyan Edgar
Seller's Agent
Yuri Drell
eXp Realty of Greater Los Angeles
Buyer's Agent
Manvel Solakian
Keller Williams R. E. Services
List Price
$648,880
Sold Price
$645,000
Premium/Discount to List
-$3,880
-0.6%
Views
260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.46%
Original Mortgage
$516,000
Outstanding Balance
$509,597
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$224,443

Purchase Details

Listed on
Mar 4, 2023
Closed on
May 10, 2023
Sold by
Neale Geoffrey J and Neale Nancy C
Bought by
Nrb American Llc
Seller's Agent
Hector Palacios
Park Regency Realty
Buyer's Agent
Outside Agent
Outside Office
List Price
$450,000
Sold Price
$415,000
Premium/Discount to List
-$35,000
-7.78%
Views
375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.07%
Original Mortgage
$402,700
Interest Rate
6.27%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $645,000 Lawyers Title Company
Grant Deed $415,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $516,000 New Conventional
Previous Owner $402,700 New Conventional
Previous Owner $174,000 New Conventional
Previous Owner $205,000 Unknown
Closed -- No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 For Sale $749,000 +16.1% $380 / Sq Ft
05/10/2024 05/10/24 Sold $645,000 -0.6% $327 / Sq Ft
02/11/2024 02/11/24 Pending -- -- --
12/19/2023 12/19/23 For Sale $648,880 +56.4% $329 / Sq Ft
05/30/2023 05/30/23 Sold $415,000 -7.8% $211 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $450,000 +8.4% $228 / Sq Ft
04/26/2023 04/26/23 Off Market $415,000 -- --
03/04/2023 03/04/23 For Sale $450,000 -- $228 / 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 $5,313 $657,900 $360,876 $297,024
2024 $5,313 $423,300 $169,320 $253,980
2023 $3,304 $255,889 $76,757 $179,132
2022 $3,152 $250,872 $75,252 $175,620
2021 $3,103 $245,954 $73,777 $172,177
2019 $3,012 $238,661 $71,590 $167,071
2018 $2,963 $233,983 $70,187 $163,796
2016 $2,812 $224,899 $67,462 $157,437
2015 $2,772 $221,522 $66,449 $155,073
2014 $2,787 $217,184 $65,148 $152,036
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23036588

California Regional Multiple Listing Service (CRMLS)

APN: 2653-004-149