8843 Tilden Avenue

Panorama City, CA 91402

$1,190,000
Price
5
Beds
3
Baths
2,057 Sq. Ft.
$579 / Sq. Ft.
2,057
Sq. Ft.
$579
per Sq. Ft.

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Description

Welcome to 8843-8845 Tilden Ave – A Prime Investment Opportunity in Panorama City! This exceptional multi-unit property offers a beautifully updated duplex along with a legal ADU, perfectly positioned near Panorama Mall and Plaza del Valle. The triplex consists of a spacious 3-bed, 1-bath unit, a 2-bed, 1-bath unit, and a modern studio ADU with 1 bath. The duplex units were remodeled between 2019 and 2020, and the ADU was legalized in 2021, making this an ideal, low-maintenance investment. Each unit...Welcome to 8843-8845 Tilden Ave – A Prime Investment Opportunity in Panorama City! This exceptional multi-unit property offers a beautifully updated duplex along with a legal ADU, perfectly positioned near Panorama Mall and Plaza del Valle. The triplex consists of a spacious 3-bed, 1-bath unit, a 2-bed, 1-bath unit, and a modern studio ADU with 1 bath. The duplex units were remodeled between 2019 and 2020, and the ADU was legalized in 2021, making this an ideal, low-maintenance investment. Each unit is individually metered for gas and electricity, and tenants are billed separately for water, offering excellent operational efficiency. Set on a generous 6,404 square foot lot, the property provides ample outdoor space, including a front yard, backyard, and private gated entry for the ADU. With six open parking spaces, there's plenty of room for residents and guests. Located just a short distance from popular shops, restaurants, grocery stores, and major freeways like the I-405, I-5, CA-118, and CA-170, this property ensures convenient access to all parts of Los Angeles. Priced competitively and poised for long-term appreciation, this is a remarkable opportunity for investors or owner-users looking for value and future growth potential. Don't miss out on this fantastic property!
  1. Listed by James Antonucci • DRE #01822661 • Brokerage DRE #01428774 • Keller Williams Realty-Studio City • 818-381-6601
  2. Listed by Michael Pesci • DRE #01274379 • Brokerage DRE #01428774 • Keller Williams Studio City

Property Details for 8843 Tilden Avenue

Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2057
Assessor Parcel Number
2639-006-015
Property Attached YN
true
LISTING UPDATED: 12/23/2024 09:03 AM

Property Details for 8843 Tilden Avenue

StatusActive
MLS #SR24202512
Days on Market90
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.15 AC / 6,406 SF
CountyLos Angeles County

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Building Information for 8843 Tilden Avenue

Stories1Residences-Year Built1948Building Size-Lot Size0.15 AC / 6,406 SF

Property Information for 8843 Tilden Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $79,200
  • Gross Scheduled Income: $1,295,000
  • Vacancy Allowance: 2376
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $76,824
  • Net Operating Income: $48,592
  • Number Of Rented Garages: 1
  • Garage Rental Rate: $40
  • Garage Income: $480
  • Gross Multiplier: 15.03
  • Cap Rate: 4.08
Expense Details
  • Operating Expense: $29,526
  • New Taxes Expense: $16,188
  • Fuel Expense: $1,480
  • Electric Expense: $1,480
  • Insurance Expense: $2,057
  • Maintenance Expense: $3,841
  • Trash Expense: $0
  • Water Sewer Expense: $1,480
  • Total Expenses: $29,526
Tax / Assessment Info
  • Tax Tract Number: 14615
  • Tax Census Tract: 1201.05
  • CFD/Mello-Roos Fee: $371
  • Tax Lot: 14
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,741
  • Unit Type Total Rent: $2,741
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,443
  • Unit Type Total Rent: $2,443
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,376
  • Unit Type Total Rent: $1,376
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 8843 Tilden Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8843 Tilden Avenue

Taxable ValueLand$380,630Additions$251,965Total$632,595
Tax Record2024$7,960 ($663 / month)
Home Facts
Total Finished SqFt1,716 SqFtAbove Grade Finished SqFt1,716 SqFtLot Size6,404 SqFtStyleDuplexYear Built1948ZoningLAR2CountyLOS ANGELESAPN2639-006-015

Schools near 8843 Tilden Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Chase Street Elementary School
Public - K to 5
Vista Middle School
Public - 6 to 8
Valley Academy Of Arts And Sciences
Public - 9 to 12
Northridge Academy High
Public - 9 to 12
Rating
School
Distance
Chase Street Elementary School
PublicK to 5

Vista Middle School
Public6 to 8

Valley Academy Of Arts And Sciences
Public9 to 12

Northridge Academy High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 8843 Tilden Avenue, Panorama City, CA 91402

8843 Tilden Avenue is a multi-family home for sale in Panorama City, CA 91402. This property was listed for sale on September 30, 2024 by Keller Williams Realty-Studio City, it's currently listed at $1,190,000. It has been on the market for a total of 90 days and was last sold on July 17, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Chase Street Elementary School, Vista Middle School and Valley Academy Of Arts And Sciences. 8843 Tilden Avenue is a 5-bed, 3-bath, 2,057 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty-Studio City, James Antonucci, DRE #01822661; Keller Williams Studio City, Michael Pesci, DRE #01274379

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.