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Do not stay in Panorama City. It is worth posting that advice a 2nd time.
Panorama City is probably only about 20 miles straight north of LAX. No desirable places to stay by the airport, either.
If you don't stay in the Westside (i.e. Santa Monica) and want to stay closer in the San Fernando Valley, there is a Courtyard Marriott in Encino on Ventura Blvd(by intersection of 405 and 101), or there's a decent place my in-laws just stayed in this past weekend in Studio City, the Beverly Garland.
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