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8801 Tobias Avenue

8801 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 Oct 11, 2013
$2,100,000
$1,525,000 by Bofi Federal Bank
Mortgage Due Nov 01, 2043
8801 Tobias Avenue in Panorama City, CA was first built in 1959 and is 65 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 32 are bedrooms. In terms of bathrooms, there are a total of 28 full bathrooms. There are 28 partial bathrooms. 8801 Tobias Avenue has 17,658 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 2,570. In total, the area measurement of the land is 25,726 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable style roof made of tar and gravel. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 8801 Tobias Avenue sold most recently in Apr 30, 2021 for a total of $10,925,000. If you work out the math, that's approximately a cost of $618.70 per sqft. Before that, the property was also sold for $2,100,000 in Jul 10, 2013. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $51,963 in taxes each year. 8801 Tobias Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $4,300,320. If we break it down further, the land itself was valued at $2,260,320. Improvements to the property, however, were assessed at a total of $2,040,000. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Bedroom Count: 32
  • Bathroom Count: 28
  • Full Bathrooms: 28
  • Partial Bathrooms: 28
  • Building Condition: Average
  • 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: 22
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 25,726
  • Lot Size Depth Feet: 2,570
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 17,658
  • Gross Building Area: 17,658
  • Building Area: 17,658
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 17,658
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5638
  • Land Acres: 0.591
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: TRACT # 5638 S 95 FT OF LOT 89 AND N 5 FT OF LOT/SEC 90

Ownership

  • Current Owner : PANORAMA RESIDENTIAL LLC
  • Previous Owner : MARTE LLC
  • Owner Before Previous Owner: 8801 TOBIAS AVENUE 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: 2653-003-035
  • Lot: 89
  • Municipality: NORTH /PANORAMA CITY
  • Latitude: 34.2301
  • Longitude: -118.452

    Address

  • Full Address: 8801 Tobias Ave
  • Address - House Number: 8801
  • Address - Street Name: Tobias
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Panorama City
  • Carrier Code: C021
  • 4-Digit Zip Code: 2351
  • Zip Code: 91402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $51,963
  • Tax Rate Code Area: 08-856

    Appraisal Valuation

  • Standard Deviation: 0.2204
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 55
  • Final Value: 4,206,129
  • High Value: 5,133,563
  • Low Value: 3,278,694

    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: $4,300,320
  • Assessed Land Value: $2,260,320
  • Assessed Improvements Value: $2,040,000

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Transaction ID: 11841268926
  • Current Sale Price: $10,925,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1029569
  • Previous Sale Recording Date: Oct 11, 2013
  • Previous Sale Contract Date: Jul 10, 2013
  • Previous Sale Amount: $2,100,000
  • 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: BOFI FEDERAL BANK
  • Previous Mortgage Transaction Date: Oct 11, 2013
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $1,525,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Nov 01, 2043

About North Valley



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Frequently Asked Questions

What neighborhood is 8801 Tobias Avenue located in?
The 8801 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 8801 Tobias Avenue?
The average sales price for units in 8801 Tobias Avenue is $0 currently.

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