$995,000
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
- 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
- Lot size
- 0.121 acres (5,279 sq ft)
- Pool
- None
- Architectural style
- Traditional
- Year built
- 1948
- Parking
- Asphalt, Driveway, Off Street
- Area
- PC - Panorama City
- County
- Los Angeles
- Community features
- Storm Drains, Street Lights, Sidewalks
- 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