Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8786 Van Nuys Blvd Panorama City, CA 91402-2405
    Back to Search
    Property profile & analytics

    8786 Van Nuys Blvd, Panorama City, CA 91402-2405

    View on Map
    • Specialty properties
    • 3,822 SF
    • 0.19 lot acres
    Off-Market
    Property ID
    US09-6263119
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 8786 Van Nuys Blvd

    Year built
    1953
    Construction
    TILT-UP CONCRETE
    Lot size
    0.19 lot acres
    Zone code
    LACR
    Property type
    Specialty properties
    APN
    2639-001-020
    APU
    2639001020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 18, 2022 — Christian Poughosik Avetisyan — Deed · related $714k · First Citizens Bank & Trust Co
    Mar 16, 2017 — Christian P Avetisyan Pndlyan,andranik Quit Claim Deed —
    Sep 20, 2016 $840,000 Andranik Pndlyan Danco INC Grant Deed $590k · Danco
    Feb 4, 2016 $730,999 Danco INC Western Fidelity Trustees|avetisyan,haroutyun Trustees Deed · related —
    Jul 15, 2014 $453,804 Sunshine Re Holdings LLC American Default Trustees Deed · related —
    May 12, 2014 $686,869 Danco INC Western Fidelity Trustees Trustees Deed · related —
    Jul 30, 2010 — Harutyun Avetisyan P H L S LLC Grant Deed $430k · Community Loans & Investments
    Oct 3, 2007 — Phls LLC Hamamjian,sarkis & Zara Grant Deed —
    Mar 29, 2007 — Sarkis Hamamjian — Trustees Deed · related $265k · Venture Mortgage
    Aug 18, 2006 — Sarkis Hamamjian — Trustees Deed · related $140k · Venture Mortgage
    Aug 10, 2006 $700,000 Sarkis Hamamjian Sunshine R E Holdings LLC Grant Deed $400k · Velocity Commercial Capital LLC
    Aug 10, 2006 — Sunshine Re Holdings LLC Bokhchalian,haik & Veronica Grant Deed —
    Mar 26, 2002 $320,000 Haik Bokhchalian Berriz,emilio Grant Deed $224k · First Commerce Bank
    Jun 18, 1998 — Emilio Berriz Berriz,e Quit Claim Deed · related —
    Apr 16, 1998 — Ernesto J Berriz Berriz,s Quit Claim Deed · related —
    Apr 16, 1998 $150,000 Emilio Berriz American General Life & Accide Grant Deed $148k · Bank Of Commerce
    — — Harutyun J Avetisyan — Deed Of Trust · related —
    — — Haroutyun Avetisyan — Deed Of Trust · related $618k · Danco INC
    — — Haik Bokhchalian — Deed Of Trust · related $250k · Apple Financial INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Panorama City
    County
    Los Angeles
    State
    California
    Longitude
    -118.45
    Latitude
    34.2297
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,238
    $682,695
    $273,076
    $955,771
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,060 SF

      12029 Burton St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      12029 Burton St, Van Nuys, CA 91402
      View Details
    • Value Estimation by Request
      5,592 SF

      13553 Reedley St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      13553 Reedley St, Panorama City, CA 91402-4025
      View Details
    • Value Estimation by Request
      1 SF

      8741-8751 Tobias

      Retail properties & Spaces
      8741-8751 Tobias, Los Angeles, CA 91402
      View Details
    • Value Estimation by Request
      4.61 Acres

      Panorama City, CA 91402

      INDUSTRIAL - VACANT LAND
      Panorama City, CA 91402
      View Details
    • Value Estimation by Request
      0.07 Acres

      Panorama City, CA 91402

      VACANT COMMERCIAL LAND
      Panorama City, CA 91402
      View Details
    • Value Estimation by Request

      Panorama City, CA 91402

      APARTMENT HOUSE (5+ UNITS)
      Panorama City, CA 91402
      View Details

    Similar Nearby for Sale

    • $1,050,000
      2,076 SF

      Panorama City Triplex Investment Opportunity

      Triplex in Panorama City with diverse unit mix.
      8843 Tilden Ave, Panorama City, CA 91402
      View Details
    • Contact for pricing

      Land for Sale

      Land available in Panorama City, Los Angeles County.
      7911 Ventura Canyon Ave, Panorama City, CA 91402
      View Details
    • $899,000
      1,794 SF

      Well-Maintained Duplex in Panorama City

      Duplex in central Panorama City with income potential.
      8837 Tilden Ave, Panorama City, CA 91402
      View Details
    • $4,880,000
      19,742 SF

      Panorama City Multifamily Investment Opportunity

      27-unit multifamily in Panorama City with value-add potential.
      14696 Rayen St, Panorama City, CA 91402
      View Details
    • Contact for pricing
      15,046 SF

      Mixed-Use Building in Panorama City

      15,046 SF building suitable for medical or apartment conversion.
      8741-8751 Van Nuys Plc, Panorama City, CA 91402
      View Details
    • Contact for pricing

      Panorama City Multi-Unit Investment

      Multi-unit property in Panorama City with diverse unit mix.
      8843 Tilden Ave, Panorama City, CA 91402
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space For Lease

      Commercial property available for lease in Panorama City, CA.
      14532 Blythe St, Panorama City, CA 91402
      View Details
    • $1.50 SF/Yr
      9,020 SF

      Move-in Ready Panorama City Office

      Second-floor office space with multiple access points and ample light.
      9051 Van Nuys Blvd, Panorama City, CA 91402
      View Details
    • Contact for pricing

      Van Nuys Industrial Units Available

      Small, renovated industrial units in a prime Van Nuys location.
      14516 Arminta St, Los Angeles, CA 91402
      View Details
    • Contact for pricing
      5,200 SF

      Panorama City Flex Space Available

      10,400 SF building with functional office space and yard.
      13755-13761 Saticoy St, Panorama City, CA 91402
      View Details
    • Contact for pricing

      60,000 SF Anchor Space Available

      60,000 SF anchor space available for lease.
      14697 Roscoe Blvd, Los Angeles, CA 91402
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8786 Van Nuys Blvd
    Panorama City, CA 91402-2405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8786 Van Nuys Blvd, Panorama City, CA, 91402
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!