8353 Costello Avenue

Property Overview

Three-unit income property in Panorama City generating $6,915 per month / $82,980 annually in current gross rents. The property has undergone substantial improvements and combines a renovated 3-bedroom main residence with two ADUs. 8353 Costello is a 3-bedroom, 1-bath main house extensively renovated with a newer roof, upgraded plumbing, remodeled kitchen and bathroom, updated flooring and windows, tankless water heater, lighting and interior finishes.8355 Costello is a 2-bedroom, 1-bath ADU created from the former detached garage with an addition. The unit features its own kitchen, heating and air conditioning, tankless water heater, washer/dryer, separate electrical panel and updated finishes. A privacy fence separates the unit from the main house and provides its own outdoor area.8351 Costello is a newer 1-bedroom, 1-bath ADU and features its own kitchen, bathroom, HVAC, tankless water heater, electrical panel and updated finishes.All three units are currently occupied, with rents of $3,090, $2,230 and $1,595 respectively. A strong opportunity to acquire a stabilized income property with significant renovation and unit-conversion work already completed.

Home Details

Property type: Residential Income
Year built: 1949
Living area: 1,730 sq ft
Lot size: 6,255 sq ft
Days on market: 8
MLS status: Active
Zoning: LAR1

Features & Amenities

Appliances

Refrigerator

Parking

Driveway

Community, Schools & Utilities

Utilities

Heating: Central,WallFurnace
Cooling: CentralAir,WallWindowUnits

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Location & Neighborhood

Los Angeles, CA 91402

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Frequently Asked Questions About 8353 Costello Avenue

Property type: Residential Income

The current asking price is $1,050,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 8353 Costello Avenue. Our team will confirm availability and timing.

This 6 bedrooms and 4 bathrooms property offers approximately 1,730 square feet of living space. It was built in 1949. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 8 days. Status can change, so verify availability before relying on it.