9035 Cedros Ave - Apartments FOR SALE


Panorama City, CA 91402
$3,200,000 USD
9035 Cedros Ave, Panorama City, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/10
null | 5.12% Cap Rate

9035 Cedros Ave
Panorama City, CA 91402


HIGHLIGHTS

  • The property consists of sixteen spacious 2-bedroom, 1-bath units and two large 3-bedroom, 1.5-bath units
  • Gated entry and secured parking provide added safety and peace of mind for residents!
  • On-site laundry facilities offer convenience and potential for additional income!

OVERVIEW

9035 Cedros Ave presents an exceptional multifamily investment opportunity in a strong rental submarket. The property is comprised of sixteen spacious 2-bedroom, 1-bath units and two large 3-bedroom, 1.5-bath units, making it well-suited for both small families and larger households. Residents benefit from gated entry and secured parking, providing enhanced safety and peace of mind. On-site laundry facilities add convenience and offer an additional income stream for ownership. Located in a high-demand area with consistently low vacancy rates, the property enjoys excellent accessibility to the 405, 5, and 118 freeways—an attractive feature for commuting tenants. With significant upside potential, investors have the opportunity to add value through interior renovations and rent increases to market levels, making this a compelling asset for both short-term gains and long-term portfolio growth.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$205 USD /SF

# OF UNITS

18

PRICE/UNIT

$177,778

CAP RATE

5.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,545 SF

ZONING

LAR3

APN/PARCEL ID

2651-012-011

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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