8361 Cedros Ave, Panorama City, CA 91402

8361 Cedros Ave.
Van Nuys, CA
Sold Price: $1,300,000
Units: 10
Building Size: 8044 Square Feet
Property Status: Sold
Description:

Crescent Realty is proud to present this 10 unit NON RENT CONTROLLED apartment building in the dense rental market of Panorama City submarket of the San Fernando Valley. The desirable unit mix and ample subterranean parking coupled with vaulted ceilings and updated floorings keep this building 100% occupied. The units are below market. The building is easily managed without a management company and has an on site manager that takes care of all duties for only $200 per month. The building is offered at under $200 per foot for a 1980’s building that has subterranean parking making it priced under replacement cost.