Panorama City (PC) Real Estate

Panorama City (PC) Real Estate

Welcome to Panorama City, a vibrant neighborhood nestled in the heart of Los Angeles County, California. Known for its diverse community and rich cultural tapestry, Panorama City offers a unique blend of suburban charm and urban convenience. The region is conveniently located just a stone's throw from major freeways, making it an ideal spot for commuters seeking easy access to downtown Los Angeles and surrounding areas.

Panorama City is characterized by its bustling atmosphere, with a variety of shopping centers, restaurants, and recreational facilities that cater to residents of all ages. The Panorama Mall is a local favorite, featuring an array of retail shops and dining options that reflect the area’s multicultural flair. From delicious food trucks to cozy cafes, there’s something to satisfy every palate.

Nature enthusiasts will appreciate the nearby parks, such as the expansive Hansen Dam Recreation Area, which offers opportunities for hiking, picnicking, and even fishing. The region’s mild California climate allows for year-round outdoor activities, making it a perfect place for families and individuals alike.

Education is a priority in Panorama City, with several schools and educational institutions dedicated to fostering learning and growth within the community. The neighborhood is also home to a variety of cultural events and festivals that celebrate its rich heritage, bringing residents together in a spirit of unity and joy.

Whether you’re looking to buy your first home, invest in a rental property, or simply explore a new neighborhood, Panorama City is a delightful place to call home. With its friendly atmosphere, diverse amenities, and convenient location, it’s no wonder that so many people are drawn to this dynamic Los Angeles gem.

Newest Listings in Panorama City (PC)

$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.