8645 Wakefield, Panorama City, CA 91402
- $975,000
- 5
- BD
- 3
- BA
- 2,002
- SqFt
- List Price
- $975,000
- Price Change
- ▼ $20,000 1785388381
- Status
- ACTIVE
- MLS#
- SB26136853
- Year Built
- 1948
- Bedrooms
- 5
- Bathrooms
- 3
- Living Sq. Ft
- 2,002
- Lot Size
- 5,279
- Acres
- 0.12
- Lot Location
- 0-1 Unit/Acre, Sprinkler System, Yard
- Days on Market
- 78
- Property Type
- Single Family Residential
- Style
- Traditional
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
INCOME OPPORTUNITY + LEGAL DETACHED ADU! A unique opportunity for an owner-user, investor, or buyer looking to offset their housing costs with rental income. This versatile Panorama City property features a 4 bedroom, 2 bath main residence plus a detached legal 1 bedroom, 1 bath ADU with its own address at 8643 Wakefield Ave, separate electric meter and current rental income already in place. Offering approximately 2,002 sq. ft. of combined living space, the property provides multiple possibilities for multigenerational living, rental income and future expansion. An additional section of the main residence consisting of a bonus room, fourth bedroom, bathroom and laundry area, was designed with the potential for a future second ADU conversion, subject to buyer verification, permits and applicable requirements. The approximately 533-sq.-ft. detached ADU features a spacious bedroom with walk in closet, mini-split heating and cooling, tankless water heater, separate electric meter/service panel and newer appliances, including its own washer and dryer. The main residence offers central HVAC, a newer roof, double-pane Argon gas windows, hardwood flooring, whole house water softener, reverse-osmosis drinking water system and two indoor laundry areas. Conveniently located near Panorama Mall and the future Icon Panorama development, this property offers something increasingly difficult to find: a primary residence, a legal detached ADU and additional future use potential, all on one property. Live in one and generate income from the other, accommodate extended family, or explore the property’s long-term investment possibilities.
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Additional Information
- Other Buildings
- Shed(s)
- Appliances
- Water Softener, Tankless Water Heater
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Exterior Construction
- Stucco
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- School District
- Los Angeles Unified
- Middle School
- Sepulveda
- High School
- Monroe
- Interior Features
- Ceiling Fan(s), Granite Counters, Storage, Bedroom on Main Level
- Attached Structure
- Detached
- Number Of Units Total
- 1
Listing courtesy of Listing Agent: Joanna Recinos (Joanna@candjteam.com) from Listing Office: Strand Hill Properties.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.