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

8040 Ranchito Avenue Panorama, Panorama City, CA 91402

Three separately metered residences combine updated interiors with private outdoor areas and parking.

Property SizeContact for details
Lot Size0.23 Acres
Days on Market130

Property Features for 8040 Ranchito Avenue Panorama

General Information

Standard status Active
Lot size 0.23 Acres
Property subtype Triplex

Amenities

Central
Central Air

Building Details

Year Built 1950
Stories 2
Tenancy Multi
Listing Agency: Redfin Corporation
Listed By: Tom Royds · License #00949407
Source: Kw
Added: Apr 25 Changed: Aug 31 Last Checked: Aug 3 at 7:30AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Redfin Corporation

Investment Insights

Based on property information with market context.

This triplex comprises a renovated single-family residence, a detached two-bedroom unit, and a separate studio. The property occupies a nearly 10,000 Sq Ft lot and includes private outdoor spaces and ample parking. Interior and building improvements include quartz countertops, tankless water heaters, updated electrical systems, and new roofing systems. Each of the three units is separately metered, supporting distinct utility management across the property.

Built in 1950, the property is located at 8040 Ranchito Avenue in Panorama City, CA 91402. Central heating and central air are listed among the interior features, adding to the functionality of the renovated residential configuration.

Key Highlights

  • Three‑unit triplex with a renovated single‑family residence, detached two‑bedroom unit, and studio
  • Nearly 10,000 Sq Ft lot with ample parking and private outdoor spaces
  • All three units are separately metered

Property Analytics

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

Multi-tenant
Tenancy

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

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Triplex - Three separately metered residences combine updated interiors with private outdoor areas and parking.
Where is this triplex located?
The property is located at 8040 Ranchito Avenue Panorama 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 triplex with a renovated single‑family residence, detached two‑bedroom unit, and studio; Nearly 10,000 Sq Ft lot with ample parking and private outdoor spaces; All three units are separately metered
More about this property
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