8527 Cedros Avenue, Panorama City, CA 91402

About this property

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

Listing description from the August 2015 sale, as reported to CRMLS.

Sale history

$1,685,000

Sold August 2015 · listed $1,700,000, orig. $1,620,000, on market July 2015 · MLS #SR15145895 · Source: CRMLS

Listing Agent: Lauri Shahar · Listing Office: Premier Homes Realty · Contact: 818-974-3125 · Bought with: Michael Shokrian · Michael Isaac Shokrian

$1,000,000

Sold April 2012 · listed $1,050,000, on market March 2012 · MLS #12588187 · Source: CRMLS

Listing Agent: Joe Kimaz · Listing Office: The Madison Real Estate Group · Contact: 213-620-1010 · Bought with: Joe Kimaz · The Madison Real Estate Group

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