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Renovated Triplex With Detached Units
For Sale
$2,049,000

8040 Ranchito Avenue, Panorama City, CA 91402

Panorama City, CA

Property SizeContact for details
Lot Size0.22 Acres
Days on Market141

Property Features for 8040 Ranchito Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 9
Bathrooms 9
Full bathrooms 9
Rooms Bedroom 9, Bedroom 1, Bathroom 7, Bedroom 2, Bathroom 3, Bedroom 4, Bathroom 5, Bathroom 6, Bedroom 8, Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 8, Bedroom 7, Bathroom 4, Bathroom 1, Bathroom 9, Laundry Room
Lot features 2-5 Units/ Acre, Yard
Directions SOUTH ON WOODMAN TO LANARK/CANTARA MAKE A RIGHT, ON THE SOUTH EASTERN CORNER OF LANARK AND RANCHITO AVE.
Subdivision PC - Panorama City
Standard status Active
APN 2213008013
Lot size 0.22 Acres

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1950
Floors in Building 2
Number of units 3
Listing Agency: Redfin Corporation
Listed By: Tom Royds · License #00949407
Added: Apr 24 Changed: Sep 8 Last Checked: Sep 11 at 2:06PM
MLS# SB26085812

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This triplex includes a renovated single-family residence, a detached two-bedroom unit, and a separate studio. The three residences are separately metered and feature updated quartz countertops, tankless water heaters, electrical improvements, and new roofing systems. Central heating and central air conditioning serve the property, which was built in 1950.

Set on a 0.2236-acre lot, the property offers on-site parking and private outdoor areas for the individual units. Public water and public sewer serve the site. The layout provides three distinct living spaces within one residential property, with room configurations including nine bedrooms and nine bathrooms in total.

Key Highlights

  • Three‑unit property with a renovated single‑family residence, detached two‑bedroom unit, and studio
  • 0.2236‑acre lot with on‑site parking and private outdoor areas
  • All three units are separately metered

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Computer & Electronic Repair (Bike/Boat/Book/etc) Store Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,750
Businesses Nearby

Demographics for 91402, CA

70,140
Population
20,570
Households
3.4
Avg Household Size
35
Median Age
19%
College-Educated
67%
High-School Grad
3.7 sq mi
ZIP Area
18,957
Density / Sq Mi
$56,369
Median Household Income
$31,452
Median Earnings
$1,607
Median Rent
$586,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three separately metered units include a renovated residence, detached two-bedroom unit, and studio with private outdoor areas.
Where is this triplex located?
The property is located at 8040 Ranchito Avenue Panorama City, CA.
What is the asking price?
The asking price for this property is $2,049,000.
What are key features of this property?
This property features: Three‑unit property with a renovated single‑family residence, detached two‑bedroom unit, and studio; 0.2236‑acre lot with on‑site parking and private outdoor areas; All three units are separately metered
More about this property
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