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Panorama City, CA

$995,000

8645 Wakefield, Panorama City, CA
4
Beds
2
Baths
1,469
Sq Ft
1948
Built
17
Days listed

About this home

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.

Facts & features

Interior
Bedrooms
4
Bathrooms
2 full
Living area
1,469 sq ft
Interior features
Ceiling Fans, Granite Counters, Storage, Bedroom On Main Level
Appliances
Water Softener, Tankless Water Heater
Flooring
Tile, Wood
Fireplace
None
Heating
Central
Cooling
Central Air
Laundry
Washer Hookup, Gas Dryer Hookup, Laundry Closet
Levels
One
Spa
None
Exterior & lot
Lot size
0.121 acres (5,279 sq ft)
Pool
None
Architectural style
Traditional
Year built
1948
Parking
Asphalt, Driveway, Off Street
Community
Area
PC - Panorama City
County
Los Angeles
Community features
Storm Drains, Street Lights, Sidewalks
Listing details
Status
Active
Property type
Single Family Residence
Days on market
17
Listed
2026-06-22
Terms
Cash, Cash To New Loan, Conventional, Fannie Mae, Freddie Mac
Parcel #
2638005023
MLS #
SB26136853
Listed by
Joanna Recinos · Strand Hill Properties

Location

Price history

Listed
$995,000 · 2026-06-22
Days on market
17
Current price
$995,000
Financing

Could this home be yours?

Estimated monthly payment
$6,242
$5,031 principal & interest · $1,211 taxes & insurance
$199,000
Estimate only
Loan $796,000

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Estimated value range nearby
$585,152$686,918

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Listing data provided by CRMLS

Listing courtesy of Strand Hill Properties. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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