$975,000
 $5,234 est/mo Sourced by Back At You

8645 Wakefield,Panorama City, CA 91402

Panorama City, CA 91402

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Description

Beautifully updated property featuring a legal ADU and exceptional income producing potential in a highly desirable, walkable location. Conveniently located near Panorama Mall and the future Icon Panorama development, this unique property offers the perfect blend of comfortable living and investment opportunity. Situated on a 5,279 sq. ft. lot, this versatile property offers approximately 2,002 sq. ft. of total living space, including a 4 bedroom, 2 bath main home, a spacious bonus room, and a detached 1 bedroom, 1 bath ADU with its own address (8643 Wakefield Ave). The main residence showcases energy efficient double pane Argon gas windows, central heating and air conditioning, a newer roof, whole house water softener system, reverse osmosis drinking water filtration, and two indoor laundry areas. Hardwood flooring flows through much of the home, while newer flooring enhances the bonus room and additional living areas. Adding to the property's appeal is a flexible section of the main home consisting of a bonus room, fourth bedroom, bathroom, and laundry area that was thoughtfully designed with the potential for a future second ADU conversion (buyer to verify), requiring primarily kitchen installation and permitting. The legal detached ADU offers approximately 533 sq. ft. of comfortable living space and features a spacious bedroom with walk in closet, mini-split heating and cooling systems, tankless water heater, separate electric meter and service panel, and newer appliances including a washer, dryer, gas range, dishwasher, range hood, and refrigerator. The ADU offers immediate income potential and features separate utility responsibility, with electricity and trash services paid independently. The property is completed by a shared backyard ideal for outdoor enjoyment, drought-tolerant landscaping, and mature fruit trees. Whether you're seeking multigenerational living, supplemental rental income, or future expansion potential, this unique property offers exceptional flexibility and investment value in a rapidly growing area.

Details

MLS #SB26136853
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1948
Days On Site70
Listing Provided ByStrand Hill Properties | Joanna Recinos

Features

Bed(s)5
Bath(s) 3 Total
SQ Feet2,002
Story(s)1
Units1
Acreage0.12
Property ViewNone

Interior

CoolingCentral Air
HeatingCentral
Heating Yes / NoYes
Cooling Yes / NoYes
Interior FeaturesCeiling Fans, Granite Counters, Storage, Bedroom On Main Level
Window FeaturesDouble Pane Windows
AppliancesWater Softener, Tankless Water Heater
Fireplace Yes / NoNo

Exterior

RoofShingle
Construction MaterialsStucco
Lot FeaturesZero To One Unit Acre, Sprinkler System, Yard
FencingBrick

Parking

Parking FeaturesAsphalt, Driveway, Off Street
Garage Yes / NoNo

Utilities

UtilitiesElectricity Available, Natural Gas Available, Water Available
SewerPublic Sewer

Location

Community FeaturesStorm Drains, Street Lights, Sidewalks

Area Information

StateCA
CountyLos Angeles
CityPanorama City
Zip Code91402
AreaPC Panorama City
Listing VS Median (in 91402)
Price:
$975,000
low | high
Med:
$1,149,000
32.153846153846% of Average
sqft:
2,002
low | high
Med:
2,060
47.102897102897% of Average
$ / sqft:
$487
low | high
Med:
$558
35.471844660194% of Average
On site:
70
low | high
Med:
6
100% of Average
Sourced by Back At You

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityPanorama City
Zip Code91402
AreaPC Panorama City
Listing VS Median (in 91402)
Price:
$975,000
low | high
Med:
$1,149,000
32.153846153846% of Average
sqft:
2,002
low | high
Med:
2,060
47.102897102897% of Average
$ / sqft:
$487
low | high
Med:
$558
35.471844660194% of Average
On site:
70
low | high
Med:
6
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $731K - $1.218M
sqft: 1,500 - 2,500
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8353 Costello Avenue Property Photo 1
$1,050,000
8353 Costello Avenue
Los Angeles, CA 91402
Listing Updated: August 31, 2026 at 12:42:07 AM PDT