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Panorama City Apartment Building Sales

Explore 4 closed transactions totaling $21.74M in Panorama City. Data from the LAAA Team at Marcus & Millichap.

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4

Transactions

$21.74M

Total Volume

5.39%

Avg Cap Rate

$204,875

Avg $/Unit

24

Avg Units

2012

Since

Cap rate, price per unit and unit count are averaged across apartment sales only: all 4 of these closed transactions are apartment sales.

LAAA Team Track Record Since 2012

Panorama City Multifamily Market Overview

Panorama City is a central SFV workforce housing market along Van Nuys Boulevard. Across 4 transactions totaling $21.7M, the 4 apartment sales average a 5.39% cap rate at $205,000 per unit across 94 units. Kaiser Panorama City Medical Center anchors employment. LA RSO applies.

Market Snapshot

Source: CoStar | North Hills/Panorama City Multifamily | 2026 Q1
15,029Total Units
3.6%↑ from 3.1%Vacancy Rate
$1,774Market Rent/Unit
+1.0%Rent Growth (YoY)
5.3%Market Cap Rate
$242,406Market $/Unit

Rents by Unit Type

Studio$1,513/mo
1 Bedroom$1,592/mo
2 Bedroom$1,932/mo
3 Bedroom$2,263/mo

Investment Activity (Trailing 12 Mo)

Sales Volume$9.3M
Transactions2
Avg Price/Unit$242,406
Avg Cap Rate6.2%

Panorama City Market Area

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LAAA Team Closings in Panorama City

4 transactions by Glen Scher, Filip Niculete & the LAAA Team

8827 Van Nuys Blvd

Panorama City • 2023

Price
$3,360,000
Units
9
Cap
5.32%
$/Unit
$373,333

8421 Cedros Ave

Panorama City • 2022

Price
$17,300,000
Units
75
Cap
4.27%
$/Unit
$230,667

8821 Van Nuys

Panorama City • 2014

Price
$585,000
Units
5
Cap
5.60%
$/Unit
$117,000

8821 Van Nuys

Panorama City • 2012

Price
$492,500
Units
5
Cap
6.36%
$/Unit
$98,500

Source: LAAA Team Closed Transactions

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Your LA Apartment Investment Advisors

Glen Scher

Glen Scher

Senior Managing Director Investments

(818) 212-2808

Email Glen

License(s): CA: 01962976

Filip Niculete

Filip Niculete

Senior Managing Director Investments

(818) 212-2748

Email Filip

License(s): CA: 01905352

LA Apartment Advisors | Marcus & Millichap

16830 Ventura Blvd, Ste. 100, Encino, CA 91436

LAAA