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.
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.
Property Details
Price:
$995,000
MLS #:
SB26136853
Status:
Active
Beds:
4
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
pcpanoramacity
Listed Date:
Jun 24, 2026
Finished Sq Ft:
1,469
Lot Size:
5,279 sqft / 0.12 acres (approx)
Year Built:
1948
See this Listing
Schools
School District:
Los Angeles Unified
Middle School:
Sepulveda
High School:
Monroe
Interior
Appliances
TW, WS
Bathrooms
2 Full Bathrooms
Cooling
CA
Flooring
TILE, WOOD
Heating
CF
Interior Features
CF, ST, GRNC
Laundry Features
GAS, ICL, WH
Levels
A
Main Level Bathrooms
2
Main Level Bedrooms
5
Exterior
Architectural Style
TRD
Common Walls
NCW
Community Features
SDW, STM, SL
Construction Materials
STC
Fencing
BR
Other Structures
SH
Patio And Porch Features
NO
Roof
SHN
Spa Features
NO
View
NO
Window Features
DPW
Financial
Map
Community
- Address8645 Wakefield Panorama City CA
- CityPanorama City
- CountyLos Angeles
- Zip Code91402
Subdivisions in Panorama City
Market Summary
Current real estate data for Single Family in Panorama City as of Jun 26, 2026
66
Single Family Listed
72
Avg DOM
328
Avg $ / SqFt
$842,500
Avg List Price
Property Summary
- 8645 Wakefield Panorama City CA is a Single Family for sale in Panorama City, CA, 91402. It is listed for $995,000 and features 4 beds, 2 baths, and has approximately 1,469 square feet of living space, and was originally constructed in 1948. The current price per square foot is $677. The average price per square foot for Single Family listings in Panorama City is $328. The average listing price for Single Family in Panorama City is $842,500.
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