Under ContractSingleFamilyResidence

8827 Sylmar Avenue

Panorama City, CA, 91402

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$850,000

MLS: GD26067877

Beds

4

Baths

2

Sq Ft

1,374

Lot

0.13 ac

Year Built

1949

MLS #

GD26067877

Days on Market

14

Listed

Apr 3, 2026

Description

Four bedroom, two bathroom property located in the heart of Panorama City offering approximately 1,374 square feet of living space between the main residence and permitted ADU. The front home features 3 bedrooms and 1 bathroom with an open layout, wood style flooring, recessed lighting, and abundant natural light. The kitchen provides ample cabinetry and counter space with access to the backyard, creating a functional design for everyday living and entertaining. The permitted ADU is a studio with one bathroom, ideal for extended living arrangements or rental income potential. Both structures provide flexible living options and privacy. The property also includes a private backyard with a pool, covered patio area, and additional space for outdoor enjoyment. A long driveway accommodates up to three vehicles. The front house and back house are currently occupied by tenants who are expected to vacate at the close of escrow. Buyer has the option to retain tenants if desired. The property also includes the option for the buyer to renew or obtain a permit to build an additional approximately 100 square feet for a bathroom and laundry room in the main house. Conveniently located near shopping, dining, schools, and major commuter routes, this Panorama City property offers versatility, income potential, and comfortable living in a central location.

Location

Panorama City, Los Angeles County, CA 91402

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Listed by: Kevin Makoyan · JohnHart Real Estate

Payment estimate

$6,204

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $85,000 · Loan: $765,000

%
Principal & Interest
$4,700
Property tax (1.25%)
$885
Homeowners insurance
$300
Mortgage insurance
$319
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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 Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

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 $29,750 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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