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Panorama City Property Management

West San Fernando Valley in Los Angeles including Panorama City

 

History

Panorama City, a neighborhood located in the San Fernando Valley region of Los Angeles, California, has a rich history dating back to the mid-20th century. The area was originally part of the extensive land holdings of the Mission San Fernando Rey de España. It remained largely agricultural until the post-World War II era when developers saw its potential for residential and commercial growth.

In the late 1940s, real estate developer Fritz B. Burns and industrialist Henry J. Kaiser transformed Panorama City into one of the first planned communities in Los Angeles. The area was marketed as an affordable, modern suburb for returning war veterans and their families. Its development was characterized by single-family homes, wide streets, and ample public spaces, embodying the post-war American dream.

Panorama City is known for its suburban feel within the urban sprawl of Los Angeles. The neighborhood offers various amenities that cater to a diverse population. Key features include:

Public Parks: Numerous parks such as the Panorama Recreation Center and Sepulveda Recreation Center provide residents with green spaces for recreation and community events.

Shopping Centers: Panorama City hosts several shopping centers, including the Panorama Mall, which has been a retail hub since its opening in 1955.

Landmarks

Panorama Tower: Once the headquarters of the Panorama City Chamber of Commerce, this building is an iconic symbol of the area’s mid-century development.

Mission Community Hospital: A key healthcare provider in the area, reflecting the neighborhood’s commitment to accessible medical services.

The Valley Indoor Swap Meet: A vibrant marketplace that reflects the diverse cultural fabric of Panorama City, offering a wide array of goods from local vendors.

Culture

Panorama City boasts a vibrant and diverse cultural scene. The neighborhood is home to a significant Hispanic population, contributing to a rich tapestry of cultural traditions, festivals, and culinary offerings. Community events and local markets reflect the multicultural nature of the area, making it a lively and welcoming place to live.

Cultural Festivals: Regular cultural events and festivals celebrate the diversity of the community, including parades, street fairs, and food festivals.

Culinary Scene: The neighborhood is renowned for its diverse dining options, with numerous restaurants offering a variety of international cuisines.

Real Estate

Panorama City’s real estate market offers a mix of housing options. Historically, the area was developed with single-family homes, many of which remain today. However, there has been an increase in the development of multi-family housing units, such as apartments and condominiums, to accommodate the growing population.

Median Home Prices: As of recent data, the median home price in Panorama City is relatively more affordable compared to other parts of Los Angeles, making it an attractive option for first-time homebuyers and young families.

Residential Developments: The neighborhood continues to see new residential developments aimed at providing modern amenities while preserving the community-oriented feel of the area.

 

Residential & Multi-Family Properties in Panorama City

The median price for single family homes in Panorama City is $650,000. The median price for single family homes in Winnetka is $930,000; West Hills is $900,000 to $1 million; Canoga Park is about $700,000 with Lake Balboa just under $1m. By comparison, the median price for single family homes in Chatsworth is about $1,490,000 (Movoto); Calabasas is $2,800,000; Van Nuys is about $800,000; Brentwood is also $800,000, $1.7m in Hollywood, $949,000 in Northridge, $814,000 in Reseda, $2.1 million in Tarzana and $1.24 million in Woodland Hills.

If you are considering purchasing a single-family or multi-family home as an investment in Panorama City, Belwood Properties should be on your preferred list of Residential Property Management Companies. Belwood has a 20 year+ track record of exceptional property management service for residential, HOA, and commercial properties.

 

Our Leasing Protocol in Panorama City

  • Advertise
  • Show property to prospective tenants
  • Thorough screening of prospective tenants
  • Creating lease agreements

Our Property Management Protocols in Panorama City

  • Tenant relations
  • Maintenance and emergencies (all requests are scheduled and overseen by commercial team)
  • Property checks for preventative maintenance (once every 2 weeks)
  • Rent collection
  • Oversite of all vacancies and preparation
  • Updated market reports

Accounting

  • Bank reconciliations
  • Payment of property taxes, insurance, mortgage, utilities, maintenance, etc.
  • Financial and owner reports
  • Bookkeeping
  • Budget preparation
  • Calculation or property expenses and explanation of property expenses
  • Collection and processing of asset receipts

 

Condos Prices in Panorama City

The median price for condos in Panorama City is approximately $465,000, while townhomes have a median price around $580,000 (ColdwellBankerHomes.com) (Panorama City Condos for Sale)

By comparison, the price for condos and townhomes in Canoga Park is about $450,000 (realtor.com). Lake Balboa is between $400,000-$600,00 while Chatsworth is about $587.000 (Redfin). Calabasas ranges between $650,000 and just over $2m, about $500,000 to $2.4m in Brentwood, just under $1m in Hollywood according to RedFin. Northridge, by contrast ranges from $390,000 – $767,000. Reseda’s median price for condos and townhomes is $538,000 compared to $495,000 in Tarzana.

 

HOA Association Property Management in Panorama City

If you need better HOA association management for your condo or apartment building in Panorama City, give us a call. HOA Association Property Management in Panorama City requires the management of dues collection, property maintenance, CC&R enforcement, financials, and much more. Belwood Properties is a HOA property management company known for its exceptional communication and relationship-building with property managers.

 

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