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Family Sells Panorama City Apartments

Investor Buys 75 Units for $17.3 Million
The apartments were built in 1986 on over two-thirds of an acre in the North Hills east multifamily market of Los Angeles County. (CoStar)
The apartments were built in 1986 on over two-thirds of an acre in the North Hills east multifamily market of Los Angeles County. (CoStar)
By Nicole Miller
CoStar Research
September 27, 2022 | 5:53 P.M.

A family partnership sold the 75-unit Cedros Terrace Apartments at 8421 Cedros Ave. in Panorama City, California, for $17.3 million, or approximately $231,000 per unit, to a local multifamily investment business.

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