NOT LISTED FOR SALE

9075 Cedros Ave Panorama City, CA 91402

13 Beds
8 Baths
30,018 Sq Ft
1.15 Acres Lot

Sale Details

Date Sold: December 25, 2022

Last sale price $9,300,000 $310 Per Sq Ft

17 Days on Market

Highlights

  • 1.15 Acre Lot
  • Laundry Room
  • 5-minute walk to Tobias Avenue Park

About This Home

As of December 2022

We pleased to present the rare opportunity to acquire a 33-unit multi-family investment in Panorama City, California. The property is located at 9075 Cedros Ave, Panorama City in Los Angeles County. This medium-sized multi-family Asset located in a market with solid demographics and high rental demansds area, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 8 one-bedroom units, 21 two-bedroom units, 4 three-bedroom units. This property offers value add and potential upside on rent for investors to invest an asset with well-maintained condition. The property was built in 1995, only subject to AB-1482. New paint is done recently. Existing loan is assumable at 4.05% interest rate!

Last Agent to Sell the Property

Grady Liu

MacroReal Inv Grp Inc. License #01290494 Listed on: 10/17/2022

Co-Listed By

Hao Ding

MacroReal Inv Grp Inc. License #02024511

Last Buyer's Agent

Hao Ding

MacroReal Inv Grp Inc. License #02024511

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1995

Lot Details

  • 1.15 Acre Lot
  • No Common Walls

Home Design

  • 30,018 Sq Ft Home

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Parking

  • Parking Available
  • Assigned Parking

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 53
  • Tax Tract Number 3136
  • Assessor Parcel Number 2651012214
  • $4,940 per year additional tax assessments

Community Details

Building Details

  • 34 Separate Electric Meters
  • 34 Separate Gas Meters
  • 1 Separate Water Meter

Additional Features

  • 33 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1995

Lot Details

1.15 Acres

Listing Details

  • CapRate: 4.27
  • Property Attached: No
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2651012214
  • Year Built: 1995
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 309.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 49924.00
  • Lot Size Acres: 1.1461

Multi Family

  • Lot Size Area: 49924.0000 Square Feet
  • Number Of Separate Electric Meters: 34
  • Number Of Separate Gas Meters: 34
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 33
  • Rent Control: No

Tax Info

  • Tax Census Tract: 1201.08
  • Tax Lot: 53
  • Tax Tract Number: 3136
  • TaxOtherAnnualAssessmentAmount: 4940.00
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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 List to Sale Price per Sq Ft Prior Sale
12/25/2022 12/25/22 Sold $9,300,000 -6.5% $310 / Sq Ft
11/08/2022 11/08/22 For Sale $9,950,000 +7.0% $331 / Sq Ft
11/07/2022 11/07/22 Off Market $9,300,000 -- --
10/17/2022 10/17/22 For Sale $9,950,000 +24.4% $331 / Sq Ft
01/24/2020 01/24/20 Sold $8,001,000 +28.0% $267 / Sq Ft View Prior Sale
12/06/2019 12/06/19 Pending -- -- --
10/29/2019 10/29/19 For Sale $6,250,000 -- $208 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $119,126 $9,675,720 $5,805,432 $3,870,288
2024 $119,126 $9,486,000 $5,691,600 $3,794,400
2023 $116,867 $9,300,000 $5,580,000 $3,720,000
2022 $101,386 $8,245,567 $4,946,722 $3,298,845
2021 $99,943 $8,083,890 $4,849,728 $3,234,162
2020 $64,455 $4,961,520 $3,123,921 $1,837,599
2019 $62,033 $4,864,236 $3,062,668 $1,801,568
2018 $61,064 $4,768,860 $3,002,616 $1,766,244
2016 $58,151 $4,583,681 $2,886,022 $1,697,659
2015 $57,338 $4,514,831 $2,842,672 $1,672,159
2014 $57,720 $4,426,392 $2,786,988 $1,639,404
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Grady Liu

    MacroReal Inv Grp Inc.

    (626) 236-8934

    1 in this area

    8 Total Sales

    Grady Liu
    Section Image

  • H

    Seller Co-Listing Agent in 2022

    Hao Ding

    MacroReal Inv Grp Inc.

    (626) 898-5868

    1 in this area

    7 Total Sales

    Hao Ding
    Section Image
  • Eric Sackler

    Seller's Agent in 2020

    Eric Sackler

    Coldwell Banker Realty

    (310) 820-6651

    32 Total Sales

    Eric Sackler
    Section Image
  • Susan Lau

    Seller Co-Listing Agent in 2020

    Susan Lau

    Coldwell Banker Realty

    (213) 220-5466

    66 Total Sales

    Susan Lau
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR22224053

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

9075 Cedros Ave, Panorama City, CA

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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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