8435 Willis Ave Panorama City, CA $ 1,249,000
8435 Willis Ave
$ 1,249,000
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8435 Willis Ave

Panorama City, CA, 91402
$ 1,249,000
Baths1.0 Sq 3,536

Monthly Estimate*

$ 7,886

Listed by Keller Williams Realty-Studio City
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Studio

Multi-Family Home for sale in Panorama City, CA

for $1,249,000 with 1 full bath. This 3,536 square foot home was built in 1962 on a lot size of 0.124.

Located in the heart of Panorama City, 8435 Willis Ave is a well-maintained 6-unit multifamily property that offers a strong investment opportunity in one of the San Fernando Valley's most desirable rental markets. The building consists of two (2) studio units and four (4) one-bedroom, one-bath units and has undergone several major capital improvements, including upgraded electrical subpanels, a newer roof, completed SB-721 compliance, a finished soft-story seismic retrofit, copper plumbing and remodeled units. These upgrades help minimize maintenance costs while enhancing the property's long-term value. The property also features gated entry, on-site parking, on-site laundry, and individually metered gas and electric service, which improve tenant satisfaction and reduce operating expenses. Conveniently located near Panorama Mall, shopping, dining, public transportation, the Van Nuys Metrolink Station, and major freeways, the property offers excellent accessibility for residents that makes it appealing and highly desirable by tenants. With its combination of recent improvements, desirable amenities, and prime location, 8435 Willis Ave presents a compelling opportunity for investors seeking stable rental income, minimal management and long-term value appreciation. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

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Multi-Family Active

Price

$ 1,249,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.124

Year Built

1962

Town/City

Panorama City

County/Region

Los Angeles

MLS | Web ID

SR26139787

Days on Market

11

Features
General
Sewer Public Sewer
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1962
Property Subtype Apartment
Gross Income 103814
Community Features Suburban
County Los Angeles
Net Operating Income 65052
Operating Expense 38762
Insurance Expense 4597
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 4153
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions North of Roscoe Blvd And West of Van Nuys Blvd
City Panorama City
Entry Location 1
Senior Community Y/N false
Number Of Units Total 6
MLS Area PC - Panorama City
Lot Size Units Square Feet
Lot Size Square Feet 5402
Carport Spaces 6
Carport Y/N true
Number of Units Leased 6
Listing Terms Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 2880
Fuel Expense 2880
Trash Expense 2160
Water Sewer Expense 2882
Additional Parcels Y/N false
Rent Control Y/N true
Virtual Tour https://www.hshprodmls2.com/8435willisave https://vimeo.com/aplagroup/8435willisave?share=copy&fl=sv&fe=ci
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 203
Total Actual Rent 8919
Property Sub Type Additional Apartment
Taxes 15613
Cap Rate 5.21
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Laundry Features Common Area
Entry Level 1
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Exterior
Lot Features 6-10 Units/Acre
Water Source Public
Total Parking 6
Lot Size Area 5402
Number of Buildings 1
Building Area Total 3536
Lot Size Acres 0.124
Private Pool false
Lot Size Source Assessor
Pool Charge 0
Number of Separate Water Meters 1
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
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* Excluded Features
List By
Keller Williams Realty-Studio City

Broker

james@aplagroup.com

Email

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$7,886
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Monthly Principal & Interest
$7,886
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/26/2026$1,249,000 Listed Price

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8435 Willis Ave, Panorama City, CA, 91402 is a Multi-Family Home for sale at $1,249,000 with 3,536 sqft and a lot size of 0.124. 8435 Willis Ave is a studio with 1.0 baths and was built in 1962. The property's zip code is 91402 which is in Panorama City, CA