Panorama City Real Estate

Panorama City Real Estate

Welcome to Panorama City, a vibrant and diverse neighborhood nestled in the heart of Los Angeles County, California. Known for its rich cultural tapestry and family-friendly atmosphere, Panorama City offers a unique blend of urban convenience and suburban charm, making it a desirable location for homebuyers and renters alike.

Originally developed in the 1940s, Panorama City has evolved into a thriving community characterized by its accessible amenities and a strong sense of community. With its central location, residents enjoy easy access to major freeways, connecting them effortlessly to the bustling downtown Los Angeles, the San Fernando Valley, and beyond. The area is also well-served by public transportation, making commuting a breeze.

Panorama City boasts a diverse array of shopping, dining, and recreational options. The Panorama Mall is a local favorite, featuring a mix of popular retail stores, restaurants, and entertainment venues. Outdoor enthusiasts will appreciate the nearby parks, such as the expansive Panorama Recreation Center, which offers sports facilities, playgrounds, and picnic areas for family gatherings.

The neighborhood is known for its welcoming atmosphere, with a strong sense of community pride. Residents often come together for local events and cultural festivals, celebrating the rich heritage of the area. With a mix of single-family homes, townhouses, and apartment complexes, Panorama City caters to a variety of lifestyles and budgets.

Whether you’re looking for a place to call home or an investment opportunity, Panorama City is an area brimming with potential. Discover the charm and convenience that this lively neighborhood has to offer!

Newest Listings in Panorama City

$525,000
2 Beds ⋅ 3 Baths ⋅ 26993727 MLS ⋅ Active Status
Welcome to this exquisitely updated, 2-bedroom, 3-bathroom townhome-style residence, and a spacious separate family room that has been beautifully enhanced with closet space and its own wet bar! Spanning 1,569 square feet of light-filled, versatile living space across multiple levels! This turnkey home with attached 2-car garage and assigned 1-car parking space offers an elevated blend of sophisticated design, ultimate comfort, and modern convenience! Spacious Interior: Features soaring, two-story cathedral-vaulted ceilings, refined recessed lighting, and sleek wood laminate paired with ceramic tile flooring throughout! Inviting Living & Dining: Gather around the charming electric fireplace in the expansive living room, or step up to the dedicated dining level complete with a custom built-in wet bar perfect for seamless entertaining! Gourmet Remodeled Kitchen: Outfitted with premium quartz countertops, abundant cabinetry, and a full suite of appliances, including a range/oven, microwave, dishwasher, trash compactor, and water filtration system. Thoughtful Layout: Offers formal dining, a sunlit breakfast nook, a partial basement providing valuable extra storage, and the added convenience of in-garage laundry facilities! Modern Comforts: Equipped with central A/C and heating, ceiling fans, a high-efficiency tankless water heater, and a cozy electric fireplace! Gated Community Amenities: Located within the secure Paradise Terrace Condominium complex, offering a relaxing pool and spa, controlled gated access with an automatic driveway entrance, ample guest parking! Ideally positioned near Roscoe Boulevard, this residence provides effortless access to local dining, shopping, and major transit routes! Situated in the heart of Panorama City, approximately 4miles to CSUN! An exceptional opportunity for discerning homeowners and astute investors alike! This home qualifies for the "Welcome Home Mortgage Program and $20,000 Grant with no income limit"!

9041 Van Nuys Boulevard Unit 210, 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.