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Sold for $745,000
  • Listed by: Pinnacle Estate Properties • Cheri Fiallos • Contact: 661-714-9189
    Bought with: Park Regency Realty
    $745,000

    8541 Ventura Canyon Ave, Panorama City, CA 91402

    2beds
    1,180sqft
    Single Family Residence
    Built in 1941
    9,749 Square Feet Lot
    $792,100 Zestimate®
    $631/sqft
    $3,009 Estimated rent

    Home value

    $792,100

    $752,000 - $832,000

    $3,009/mo

    Zestimate® history
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    What's special

    Incredible Development Opportunity in Panorama City — Zoned LARD5. Unlock exceptional potential with this rare high-density multifamily residential zone 1,183 sq ft 2-bedroom, 1-bath home situated on an expansive 9,749 sq ft lot in a prime Panorama City location. This property presents a significant opportunity for developers and investors exploring multifamily, low-income, or affordable housing development; in addition to home buyers building their dream home with the possibility of an ADU addition. This is a premier investment opportunity—a true blank canvas ready to be transformed into something exceptional. Location advantages include close proximity to Kaiser Permanente Hospital, major employment centers, transit, shopping, restaurants, freeway access and strong rental demand. All information is deemed reliable but not guaranteed by seller or broker. Buyers and their representatives must independently verify zoning, density, development rights, permits, utilities, building feasibility, and all other property details. Property is offered AS-IS with no repairs. Buyer assumes responsibility for all inspections and due diligence.

    Zillow last checked:

    Listing updated:

    Listed by:

    Cheri Fiallos DRE #01942961 661-714-9189,

    Pinnacle Estate Properties

    Bought with:

    Luis Iglesias, DRE #01349388

    Park Regency Realty

    Source: CRMLS,MLS#: SR25271285MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Rooms
    • Room types: Bedroom
    Bedroom
    • Features: All Bedrooms Down
    Cooling
    • Central Air
    Appliances
    • Laundry: Inside
    Features
    • All Bedrooms Down
    • Has fireplace: Yes
    • Fireplace features: See Remarks
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,180 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front
    • Pool features: None
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 9,749 Square Feet
    • Dimensions: 9749
    • Features: Yard
    Details
    • Parcel number: 2637021003
    • Zoning: LARD5
    • Special conditions: Standard,Trust

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1941

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Valley
    Location
    • Region: Panorama City

    Financial & listing details

    • Price per square foot: $631/sqft
    • Tax assessed value: $64,194
    • Date on market: 12/26/2025
    • Cumulative days on market: 39 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    3/3/2026Sold$745,000-6.8%$631/sqft
    Source: CRMLS #SR25271285 Report a problem
    2/4/2026Contingent$799,000$677/sqft
    Source: CRMLS #SR25271285 Report a problem
    1/28/2026Price change$799,000-3.6%$677/sqft
    Source: CRMLS #SR25271285 Report a problem
    12/26/2025Listed for sale$829,000+212.8%$703/sqft
    Source: CRMLS #SR25271285 Report a problem
    3/15/2011Listing removed$265,000$225/sqft
    Source: RE/MAX of Valencia #F1866109 Report a problem
    1/31/2011Price change$265,000-3.6%$225/sqft
    Source: RE/MAX of Valencia #F1866109 Report a problem
    1/16/2011Listed for sale$275,000-1.1%$233/sqft
    Source: RE/MAX of Valencia #F1866109 Report a problem
    11/7/2010Listing removed$278,000$236/sqft
    Source: RE/MAX of Valencia #F1850075 Report a problem
    7/31/2010Price change$278,000-3.8%$236/sqft
    Source: RE/MAX of Valencia #F1850075 Report a problem
    7/18/2010Listed for sale$289,000$245/sqft
    Source: Re/Max of Valencia #F1850075 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $64,194 +2%
    2025$1,033 +1.6%$62,937 +2%
    2024$1,017 +1.5%$61,704 +2%
    2023$1,002 +4.1%$60,495 +2%
    2022$963 +1.8%$59,310 +2%
    2021$946 -0.5%$58,148 +1%
    2020$950 $57,552 +2%
    2019$950 +12.3%$56,425 +2%
    2018$846 $55,319 +2%
    2017$846 +2.2%$54,235 +2%
    2016$828 +3.9%$53,172 +1.5%
    2015$797 -0.6%$52,375 +2%
    2014$802 $51,350 +2.5%
    2012-- $50,117 +2%
    2011-- $49,135 +0.8%
    2010-- $48,768 -0.2%
    2009-- $48,885 +2%
    2008-- $47,928 +2%
    2007-- $46,989 +2%
    2006-- $46,069
    2005-- $46,069 +4%
    2004-- $44,281 +1.9%
    2003-- $43,471 +2%
    2002-- $42,620 +4%
    2000-- $40,968
    Find assessor info on the county website

    Neighborhood: Arleta

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $792,100
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $792,100