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$600,000
MLS: SR26065444
Beds
2
Baths
1
Sq Ft
1,038
Lot
0.15 ac
Year Built
1949
MLS #
SR26065444
Days on Market
4
Listed
Mar 26, 2026
Description
PANORAMA CITY FIXER – INVESTOR SPECIAL | ADU POTENTIAL | ALLEY ACCESS Attention investors, flippers, and cash buyers—this is the opportunity you’ve been waiting for. Priced to move and loaded with upside, this Panorama City fixer features 2 bedrooms, 1 bathroom, plus a converted den (possible 3rd bedroom) with approximately 1,038 sq ft of living space on a 6,379 sq ft lot. This is a true value-add deal with multiple exit strategies: Fix and flip for strong resale Buy and hold for long-term rental Add an ADU for increased cash flow (buyer to verify) The detached garage with alley access is the key value driver—ideal for ADU conversion, separate access, or maximizing the full potential of the lot. Located in a high-demand rental pocket of Panorama City near major freeways, shopping, and employment hubs, this is exactly the type of property serious investors pursue. Investor Highlights: Heavy fixer with strong upside potential 2 bedroom plus den (3rd bedroom potential) Large 6,379 sq ft lot Detached garage with alley access ADU potential (buyer to verify) Multiple exit strategies Strong rental and resale demand area Sold as-is. No repairs. No credits. Property will attract multiple offers—submit highest and best.
Location
Panorama City, Los Angeles County, CA 91402
Open on Google Maps ↗Listed by: Carey Eckert · Park Regency Realty
Payment estimate
$4,567
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $60,000 · Loan: $540,000
- Principal & Interest
- $3,417
- Property tax (1.25%)
- $625
- Homeowners insurance
- $300
- Mortgage insurance
- $225
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of May 21, 2026
- 30-year fixed
- 6.51%
- 15-year fixed
- 5.85%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down+
First-time and repeat buyers can purchase this Panorama City home with as little as 3.5% down using an FHA loan — roughly $21,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Panorama City, CA 91402 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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