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8759 Tobias Avenue

8759 Tobias Avenue, Panorama City, CA 91402
Property in Panorama City
Sold Jul 01, 2021
$10,925,000
$7,345,000 by Orix Real Estate Capital Llc
Mortgage Due Jul 01, 2041
Sold Apr 13, 2016
$5,000,000
$3,450,000 by Jpmorgan Chase Bank Na
Mortgage
Local assessors in Panorama City, CA have categorized 8759 Tobias Avenue as a residential type of property. The home was built in 1960 and is 64 years old. The property's lot size has been calculated to be 42,458 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 50 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 43 full bathrooms. There are also 43 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8759 Tobias Avenue has a total of 29,305 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 5,491 sqft. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a gable style roof that was made of tar and gravel. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Apr 30, 2021 for $10,925,000. That's $372.80 per sqft. Prior to that sales transaction, the property was also sold in Mar 8, 2016 for $5,000,000. 8759 Tobias Avenue was last assessed in 2023. The total value of the property was assessed at $6,843,180. Specifically, the land the property is located on was valued at $4,080,000. While improvements on the property were assessed at a total of $2,763,180. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $82,630. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 50
  • Bathroom Count: 43
  • Full Bathrooms: 43
  • Partial Bathrooms: 43
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 35
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 5,491
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 42,458
  • Total Building Area: 29,305
  • Gross Building Area: 29,305
  • Building Area: 29,305
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 29,305
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5638
  • Land Acres: 0.975
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: TRACT # 5638 S 165 FT OF LOT/SEC 90

Ownership

  • Current Owner : PANORAMA RESIDENTIAL LLC
  • Previous Owner : MARTE LLC
  • Owner Before Previous Owner: GOLDEN WESTERN LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 120103

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 8-D6
  • Subdivision Tract Number: 5638
  • Parcel: 2653-003-016
  • Lot: 90
  • Municipality: NORTH /PANORAMA CITY
  • Latitude: 34.2298
  • Longitude: -118.452

    Address

  • Full Address: 8759 Tobias Ave
  • Address - House Number: 8759
  • Address - Street Name: Tobias
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Panorama City
  • Carrier Code: C021
  • 4-Digit Zip Code: 2349
  • Zip Code: 91402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $82,630
  • Tax Rate Code Area: 08-856

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $7,345,000
  • First Open Lien Mortgage Lender: ORIX REAL ESTATE CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Jul 01, 2021
  • First Open Lien Mortgage Loan Amount: $7,345,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2041

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,843,180
  • Assessed Land Value: $4,080,000
  • Assessed Improvements Value: $2,763,180

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Transaction ID: 11841325891
  • Current Sale Price: $10,925,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1029569
  • Previous Sale Recording Date: Apr 13, 2016
  • Previous Sale Contract Date: Mar 08, 2016
  • Previous Sale Amount: $5,000,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: ORIX REAL ESTATE CAPITAL LLC
  • First Mortgage Transaction Date: Jul 01, 2021
  • First Mortgage Loan Amount: $7,345,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jul 01, 2041

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Apr 13, 2016
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $3,450,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About North Valley



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Frequently Asked Questions

What neighborhood is 8759 Tobias Avenue located in?
The 8759 Tobias Avenue is a located in the neighborhood of Panorama City in North Valley, Panorama City.
What is the average sales price for listings in 8759 Tobias Avenue?
The average sales price for units in 8759 Tobias Avenue is $0 currently.

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