8527 Cedros Avenue

Panorama City, CA 91402

$1,685,000
Last Sold Price
16
Beds
16
Baths
9,422 Sq. Ft.
$179 / Sq. Ft.
9,422
Sq. Ft.
$179
per Sq. Ft.

Description

6.2% cap rate! 11.5 grm. Check the comps! This property is well maintained 12 units consisting of 1 (3+2); 3 ( 2+ 1); 7 ( 1+1) and 1 single. Highly desirable unit mix; rental upside, as well as long term tenancy. Separate meters for gas and electricity. 7 gated covered parking in rear + 1 open & 3 open spaces in front. New Laundry Room with 2 washers & 2 dryers. Gated building with courtyard. NO Section 8 tenants. Upside potential on rents. Please do not disturb occupants. Inspection with accepted...6.2% cap rate! 11.5 grm. Check the comps! This property is well maintained 12 units consisting of 1 (3+2); 3 ( 2+ 1); 7 ( 1+1) and 1 single. Highly desirable unit mix; rental upside, as well as long term tenancy. Separate meters for gas and electricity. 7 gated covered parking in rear + 1 open & 3 open spaces in front. New Laundry Room with 2 washers & 2 dryers. Gated building with courtyard. NO Section 8 tenants. Upside potential on rents. Please do not disturb occupants. Inspection with accepted offer only.

2013 UPGRADES: ALL COPPER / NEW ROOF/ EXTERIOR PAINT/ NEW WATER HEATER/ NEW LAUNDRY ROOM/ SECURITY GATED PARKING/ GATED TRASH/ NEW MAGNISITE STAIRS/ 2 GARAGES/ 2 STORAGE ROOMS

Property Details for 8527 Cedros Avenue

Parking Spaces Total
11
Private Pool
No
Cooling Type
Wall/Window
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9422
Assessor Parcel Number
2653-016-017

Location

Listing Courtesy of Lauri Shahar Realty, Lauri Shahar, DRE #01353248

Sold By Michael Isaac Shokrian, Michael Shokrian, DRE #01403171

Add your commute
LISTING UPDATED: 08/26/2015 07:11 AM

Property Details for 8527 Cedros Avenue

StatusClosed
MLS #SR15145895
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.26 AC / 11,252 SF
CountyLos Angeles County

Location

Listing Courtesy of Lauri Shahar Realty, Lauri Shahar, DRE #01353248

Sold By Michael Isaac Shokrian, Michael Shokrian, DRE #01403171

Add your commute

Building Information for 8527 Cedros Avenue

Stories2Residences-Year Built1961Building Size-Lot Size0.26 AC / 11,252 SF

Payment Calculator

$11,250 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,196

Property Taxes

$2,054

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8527 Cedros Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $12,234
  • Gross Scheduled Income: $146,808
  • Vacancy Allowance: 0
  • Net Operating Income: $106,038
  • Number Of Rented Garages: 1
  • Gross Multiplier: 11.58
  • Cap Rate: 6.2
  • Financing: Cash
Expense Details
  • Operating Expense: $40,770
  • New Taxes Expense: $13,730
  • Gardener Expense: $1,500
  • Licenses Expense: $814
  • Pest Control Expense: $600
  • Electric Expense: $10,440
  • Insurance Expense: $3,594
  • Maintenance Expense: $4,404
  • Maintenance Percent: 3.00%
  • Professional Management Expense: $0
  • Other Expense: $900
  • Other Expense Description: Laundry
  • Trash Expense: $1,824
  • Water Sewer Expense: $0
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Lot: 0
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Laundry Equipment Own Lease: Lease
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lawn, Landscaped
  • Number Of Units: 12
  • Road Surface Type: Alley Paved, Paved
  • Levels: Two
  • Water: Meter on Property
  • Sewer: In Street
  • Utilities: Sewer Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Open Other Spaces Total: 11
  • Parking Garage Spaces: 2
  • Carport Spaces: 7
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,164
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1550
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $881
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 900
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1300
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $989
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 989
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 12
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1300
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1300
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $675
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 750
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 4
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $887
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 900
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 5
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $815
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 900
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 6
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $824
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 900
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 7
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $998
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 998
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 8
Unit 12
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $851
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 900
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 12
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 4
  • Number With Range: 12

Property History for 8527 Cedros Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8527 Cedros Avenue

Taxable ValueLand$1,150,342Additions$766,895Total$1,917,237
Tax Record2023$24,652 ($2,054 / month)
Home Facts
Total Finished SqFt9,422 SqFtAbove Grade Finished SqFt9,422 SqFtLot Size11,252 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLAR3CountyLOS ANGELESAPN2653-016-017

Schools near 8527 Cedros Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Panorama City Elementary School
PublicK to 5

Vista Middle School
Public6 to 8

Valley Academy Of Arts And Sciences
Public9 to 12

Northridge Academy High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Lauri Shahar Realty, Lauri Shahar, DRE #01353248

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.