8040 Ranchito Ave, Panorama City, CA, 91402
About This Home
Welcome to this beautifully reimagined property set on an expansive nearly 10,000 Sq Ft lot. This exceptional offering features a fully renovated single-family residence, complemented by a detached two-bedroom unit and a charming studio—creating a rare and versatile living opportunity. Meticulously upgraded from start to finish, New Quartz counters, tankless water heaters, electrical and new roofing systems, This awesome property reflects the sellers’ commitment to quality craftsmanship and thoughtful design throughout. Whether you’re an owner-user seeking additional income potential or an investor looking to maximize returns, this property delivers. With ample parking, private outdoor spaces, and the flexibility to accommodate multi-generational living or rental opportunities—including short-term stays—this is truly a standout investment. A unique opportunity to own a turnkey, multi-unit compound in a highly desirable setting. Come experience it for yourself—you will not be disappointed.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1950
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Free-Standing Range,Gas Range,Range Hood,Tankless Water Heater
- Laundry features: Electric Dryer Hookup,Gas Dryer Hookup
Bathroom
- Features: Bathtub,Tub Shower
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 8
- Full bathrooms: 8
- Main level bathrooms: 3
- Main level bedrooms: 5
Features
- Multiple Staircases,Quartz Counters
- Flooring: Vinyl
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 4,000 sqft
Kitchen
- Features: Quartz Counters
Property
Details
- Parcel number: 2213008013
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Lot size: 9,741 sqft
- Features: Yard
Parking
- Parking features: Driveway
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,866 | $130,392 |
| Home Insurance * | $389 | $4,668 |
| Property Taxes | $2,274 | $27,288 |
| Electricity | $857 | $10,292 |
| Total | $14,386 | $172,632 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-24 | Listed for sale | $2,200,000 |
| 2021-03-24 | Listing removed | -- |
| 2016-02-03 | Listing removed | $459,000 |
| 2015-05-22 | Listed for sale | $459,000 |
| 2015-02-27 | Sold | $400,000 |
| 2014-09-20 | Price change | $459,000 |
| 2014-08-19 | Listed for sale | $479,000 |
| 2011-01-10 | Sold | $296,000 |
| 2010-12-18 | Listed for sale | $285,900 |
| 2010-05-28 | Sold | $260,047 |
| 2010-05-25 | Listed for sale | $220,000 |
| 2010-04-17 | Listing removed | $220,000 |
| 2010-04-15 | Price change | $220,000 |
| 2010-04-09 | Listed for sale | $275,000 |
| 2009-01-15 | Listing removed | $379,000 |
| 2008-08-23 | Listed for sale | $379,000 |
| 2005-11-17 | Sold | $530,000 |
| 1997-07-11 | Sold | $140,500 |
View on Zillow