Panorama City Homes with Paved Parking features

Panorama City Homes with Paved Parking features

Welcome to Panorama City, a vibrant neighborhood nestled in the heart of Los Angeles County, California. Known for its diverse community and rich cultural tapestry, Panorama City offers a unique blend of suburban charm and urban convenience. With its strategic location, residents enjoy easy access to major freeways, making commutes to downtown LA and beyond a breeze. The area is also home to an array of shopping centers, parks, and recreational facilities, ensuring that everything you need is just a stone's throw away.

One of the standout features of homes in Panorama City is the availability of paved parking. In a bustling city like Los Angeles, having a dedicated parking space is not just a luxury—it's a necessity. Many homes in this area come equipped with paved parking options, allowing residents to enjoy the convenience and peace of mind that comes with secure, off-street parking. Whether you have multiple vehicles or simply want to avoid the hassle of street parking, these homes cater to your needs, providing ample space for your cars while enhancing the overall appeal of the property.

With its welcoming atmosphere, excellent amenities, and practical home features, Panorama City is an ideal place for families, young professionals, and anyone looking to experience the best of LA living. Explore the charming homes with paved parking in this thriving community, and discover why Panorama City is the perfect place to call home!

Newest Panorama City Homes with Paved Parking features

7801 & 7803 Clearfield Avenue, Panorama City
$1,349,000
6 Beds ⋅ 3 Baths ⋅ 26989887 MLS ⋅ Active Status
A RARE, FULLY VACANT TWO-RESIDENCE INCOME OPPORTUNITY READY TO RENT NOW. No tenants to inherit, no existing leases, and no waiting for units to become available. Both residences are completely vacant, allowing the next owner to select tenants, establish market rents, and put the property to work immediately. With projected combined rents of approximately $7,800/month and annual gross income of approximately $93,600, the $1,349,000 offering price calculates to a 14.41 pro forma GRM and an estimated 4.9% +/- pro forma cap rate based on projected rents and expenses. The property combines an extensively reconstructed and beautifully renovated 4-bedroom, 2-bath main residence with a BRAND-NEW, NEVER-OCCUPIED detached 2-bedroom, 1-bath ADU of approximately 721 square feet. Rebuilt from the subfloors up and studs out, the main residence features two living areas, an open-concept floor plan, quartz countertops, custom cabinetry, stainless steel appliances, gas cooking, a tankless water heater, new central air conditioning, energy-efficient windows, updated systems, and interior laundry hookups. The newly constructed ADU features a desirable split-bedroom layout, central air conditioning, energy-efficient windows, separate gas and electric meters, its own address, and available off-street parking. The property provides parking for up to four vehicles. Projected market rents are approximately $4,800/month for the main residence and $3,000/month for the ADU. For an investor, the opportunity is straightforward: acquire two substantially improved, completely vacant residences and establish a rental program from a clean slate without inherited tenants, legacy rents, or existing lease terms. For an eligible owner-occupant, live in one residence while utilizing the other for potential rental income. Qualified buyers may also explore FHA or VA owner-occupant financing, subject to lender guidelines and buyer qualification. Conveniently located in Panorama City near major shopping, dining, services, and access to the 405, 170, and 5 freeways. Whether purchased as an income property, multigenerational compound, or owner-occupied residence with additional income potential, Clearfield offers something increasingly difficult to replicate: TWO VACANT, IMPROVED RESIDENCES READY TO PERFORM FROM DAY ONE. Projected rental income, NOI, GRM, and cap rate are pro forma estimates only, are not existing rental history, and should be independently verified by the buyer and buyer's agent.

7801 & 7803 Clearfield Avenue, Panorama City

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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.