Panorama City Real Estate

Panorama City Real Estate

Panorama City: A Vibrant Community in Los Angeles County, California

Nestled in the heart of Los Angeles County, Panorama City offers a vibrant and diverse community for residents and visitors alike. Located in the state of California, this bustling city is known for its rich history, cultural diversity, and convenient access to a wide range of amenities.

Panorama City is situated in the San Fernando Valley, providing residents with a perfect blend of suburban tranquility and urban convenience. With its close proximity to major freeways and public transportation options, commuting to neighboring cities and exploring the greater Los Angeles area is a breeze.

This city boasts a wide range of housing options, from single-family homes to modern apartments and condominiums. Whether you're a first-time buyer or looking to upgrade, Panorama City offers a variety of real estate choices to suit every lifestyle and budget.

In addition to its prime location, Panorama City is home to an array of shopping centers, restaurants, and entertainment venues. Residents can enjoy a day of retail therapy at the nearby Panorama Mall or indulge in diverse culinary experiences at the local eateries.

For outdoor enthusiasts, Panorama City offers several parks and recreational areas, providing ample opportunities for leisurely strolls, picnics, and outdoor activities. The nearby Hansen Dam Recreation Area is a popular destination for hiking, biking, and water sports.

With its vibrant community, convenient location, and diverse amenities, Panorama City is an ideal place to call home. Whether you're looking to settle down or invest in real estate, this city offers a promising future for residents and investors alike.

Newest Listings in Panorama City

$1,349,000
6 Beds ⋅ 3 Baths ⋅ 26989887 MLS ⋅ Active Status
A RARE, FULLY VACANT TWO-RESIDENCE INCOME OPPORTUNITY READY TO RENT NOW. No tenants to inherit, no existing leases, and no waiting for units to become available. Both residences are completely vacant, allowing the next owner to select tenants, establish market rents, and put the property to work immediately. With projected combined rents of approximately $7,800/month and annual gross income of approximately $93,600, the $1,349,000 offering price calculates to a 14.41 pro forma GRM and an estimated 4.9% +/- pro forma cap rate based on projected rents and expenses. The property combines an extensively reconstructed and beautifully renovated 4-bedroom, 2-bath main residence with a BRAND-NEW, NEVER-OCCUPIED detached 2-bedroom, 1-bath ADU of approximately 721 square feet. Rebuilt from the subfloors up and studs out, the main residence features two living areas, an open-concept floor plan, quartz countertops, custom cabinetry, stainless steel appliances, gas cooking, a tankless water heater, new central air conditioning, energy-efficient windows, updated systems, and interior laundry hookups. The newly constructed ADU features a desirable split-bedroom layout, central air conditioning, energy-efficient windows, separate gas and electric meters, its own address, and available off-street parking. The property provides parking for up to four vehicles. Projected market rents are approximately $4,800/month for the main residence and $3,000/month for the ADU. For an investor, the opportunity is straightforward: acquire two substantially improved, completely vacant residences and establish a rental program from a clean slate without inherited tenants, legacy rents, or existing lease terms. For an eligible owner-occupant, live in one residence while utilizing the other for potential rental income. Qualified buyers may also explore FHA or VA owner-occupant financing, subject to lender guidelines and buyer qualification. Conveniently located in Panorama City near major shopping, dining, services, and access to the 405, 170, and 5 freeways. Whether purchased as an income property, multigenerational compound, or owner-occupied residence with additional income potential, Clearfield offers something increasingly difficult to replicate: TWO VACANT, IMPROVED RESIDENCES READY TO PERFORM FROM DAY ONE. Projected rental income, NOI, GRM, and cap rate are pro forma estimates only, are not existing rental history, and should be independently verified by the buyer and buyer's agent.

7801 & 7803 Clearfield Avenue, Panorama City

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.