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$2,560,000

Beds
Unknown
sq ft
7,188

8407 Cedros Ave, Panorama City, CA 91402

8407 Cedros Ave

Panorama City, CA 91402

  • 36 days on market
We are proud to represent this 16 unit building in Panorama City. The building was constructed in 1978. Its unit mix consists of (2) 1+1 units and (14) studio units. With a lot size of 7,545 square feet, the property has a total of 7,188 rentable square feet. Located in the heart of the San Fernando Valley, Panorama City, CA, offers a dynamic and convenient lifestyle perfect for families and professionals alike. The city features a variety of shopping centers, diverse dining options, and excellent schools, making it an ideal place to live. With easy access to major freeways and public transportation, residents can enjoy seamless connectivity to the greater Los Angeles area. The property is separately metered for gas and electricity.

Details

Property type

Apartment

Lot size

7,523 sq ft

Price per sq ft

$357

Year built

1964

Price History

05/31/2024
CLAW

CLAW #23239475

Removed
$2,700,000
+5.47%
05/31/2024
CRMLS

CRMLS #SR24110356

Listed
$2,560,000
-5.19%
02/08/2024
CLAW

CLAW #23239475

Price change
$2,700,000
-0.55%

Schools & Community

Neighborhood: 

Panorama City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

July 2021

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

3%

Loan type

Commercial

Seller

Karim Farasatzadeh and Karim Farasatzadeh Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/05/2024 at 7:40 PM

Listing updated: 05/31/2024 at 10:40 AM

Listed by: Cindy Hill, Equity Union Phone #: (818) 989-2000

MLS: CRMLS #SR24110356

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