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9237 Cedros Ave, Panorama City, CA 91402

List Price: $1,199,900On Market FlagOn market
Mar 13, 2025875 sqft2 beds1 baths
Listed by: Mario Menjivar
License #: 01805079
Phone #: 818-429-6133
eXp Realty of California Inc
Source:
CRMLS Logo
MLS #: SR25055317

Property Description

*** Attention Attention Great Opportunity to Build Multi family Units Or Build 7 townhouses. Charming Home with Investment Potential in Panorama City! This 2-bedroom, 1-bathroom home offers not only comfortable living but also exciting investment opportunities. The main house boasts a spacious Master bedroom and open floor plan that flows seamlessly from the living room to the dining area. customize and update to your liking. In addition to the main house, the property features an unpermitted unit in the back, presenting an excellent opportunity for investors or those looking to expand their living space. With some creativity, this additional unit could be transformed into a rental income opportunity or a separate living area. The large lot also provides the potential for building multi-family units (subject to zoning and permitting), making it a great project for developers looking to capitalize on the growing demand in the area. Buyer to do their own investigation regarding the unpermitted unit and potential development opportunities.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$14,378

TurboHome Estimated Value

$1,079,200

$1,233 sqft

High Valuation
$1,133,160
$1295/sqft
Normal Valuation
$1,079,200
$1233/sqft
Low Valuation
$1,025,240
$1172/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1233/sqft$1,079,200

Neighborhood: North Hills

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Comparative Value

$681K

$765K

$800K

$850K

$1.20M

8923 Burnet Ave, North Hills, CA 91343

Sale Price: $681,000

Selected Comparable

8307 Densmore Ave, North Hills, CA 91343

Sale Price: $765,000

Selected Comparable

9315 Kester Ave, Panorama City, CA 91402

Sale Price: $769,000

Selected Comparable

9356 Natick Ave, North Hills, CA 91343

Sale Price: $800,000

Selected Comparable

14874 Gotham St, North Hills, CA 91343

Sale Price: $849,880

Selected Comparable

9237 Cedros Ave, Panorama City, CA 91402

List Price: $1,199,900

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
9237 Cedros Ave, Panorama City, CA 91402

9237 Cedros Ave, Panorama City, CA 91402

List: $1,199,900

Listed: 3/13/2025

Area:875 sqft
Price/sqft:$1,371
Beds:2
Baths:1
Year Built:
Lot Size:19,217

Comparable Properties

COMPARABLE
Choose comps
8923 Burnet Ave, North Hills, CA 91343

8923 Burnet Ave, North Hills, CA 91343

Sale: $681,000

11/26/20240.67 mi

Area:1,080 sqft
Price/sqft:$631
Beds:2
Baths:1
Year Built:
Weight:28.0%
14874 Gotham St, North Hills, CA 91343

14874 Gotham St, North Hills, CA 91343

Sale: $849,880

6/23/20250.51 mi

Area:1,220 sqft
Price/sqft:$697
Beds:3
Baths:2
Year Built:
Weight:18.8%
8307 Densmore Ave, North Hills, CA 91343

8307 Densmore Ave, North Hills, CA 91343

Sale: $765,000

9/24/20241.83 mi

Area:1,217 sqft
Price/sqft:$629
Beds:2
Baths:2
Year Built:
Weight:18.8%
9356 Natick Ave, North Hills, CA 91343

9356 Natick Ave, North Hills, CA 91343

Sale: $800,000

4/3/20250.23 mi

Area:1,231 sqft
Price/sqft:$650
Beds:3
Baths:2
Year Built:
Weight:18.0%
9315 Kester Ave, Panorama City, CA 91402

9315 Kester Ave, Panorama City, CA 91402

Sale: $769,000

9/4/20240.17 mi

Area:1,220 sqft
Price/sqft:$630
Beds:3
Baths:2
Year Built:
Weight:16.4%

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