NOT LISTED FOR SALE
13 Beds
8 Baths
30,018 Sq Ft
1.15 Acre Lot

Sale Details

Date Sold: December 25, 2022

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

17 Days on Market

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 in unit
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2022
Closed on
Jan 24, 2023
Sold by
Bought by
Seller's Agent
Grady Liu
MacroReal Inv Grp Inc.
Buyer's Agent
Hao Ding
MacroReal Inv Grp Inc.
List Price
$9,950,000
Sold Price
$9,300,000
Premium/Discount to List
-$650,000
-6.53%
Views
8

Purchase Details

Listed on
Oct 17, 2022
Closed on
Dec 7, 2022
Sold by
Bought by
Seller's Agent
Grady Liu
MacroReal Inv Grp Inc.
Buyer's Agent
Hao Ding
MacroReal Inv Grp Inc.
List Price
$9,950,000
Sold Price
$9,300,000
Premium/Discount to List
-$650,000
-6.53%
Views
8

Purchase Details

Listed on
Oct 29, 2019
Closed on
Jan 21, 2020
Sold by
Bought by
Seller's Agent
Eric Sackler
Coldwell Banker Realty
Buyer's Agent
Grady Liu
List Price
$6,250,000
Sold Price
$8,001,000
Premium/Discount to List
$1,751,000
28.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%
Original Mortgage
$4,600,000
Interest Rate
0.037%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 10, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,710,000
Interest Rate
0.0604%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 5, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,835,000
Interest Rate
0.0612%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,835,000
Interest Rate
0.0612%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,835,000
Interest Rate
0.0612%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 8, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$19,181 Chicago Title Company
$8,001,000 Orange Coast Title Company
-- Lawyers Title
-- Fidelity National Title Co
-- Fidelity National Title Co
-- Fidelity National Title Co
$330,000 Investors Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $4,600,000
Previous Owner $3,675,000
Previous Owner $3,710,000
Previous Owner $2,835,000
Previous Owner $2,835,000
Previous Owner $2,400,000
Previous Owner $1,370,000
Previous Owner $1,150,000
Previous Owner $163,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $120,699 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR22224053

California Regional Multiple Listing Service (CRMLS)
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