8814 Willis Avenue
Panorama City, CA, 91402 $ 3,100,000
Bedrooms30 Baths2.0 Sq 16,384 Monthly Estimate*
$ 21,411
Listed by Michael Sterman, Marcus & Millichap, Michael.Sterman@marcusmillichap.com
for $3,100,000 with 30 bedrooms and 2 full baths. This 16,384 square foot home was built in 1986 on a lot size of 0.5343.
We are pleased to present 8814 Willis Ave, a 15-unit multifamily property located in Panorama City, California. Built in 1986, the property consists of approximately 16,384 square feet of rentable living area situated on a substantial 23,272-square-foot lot. The building features an attractive unit mix of two (2) one-bedroom/one-bathroom units, eleven (11) two-bedroom/two-bathroom units, and two(2) three-bedroom/two-bathroom units, providing investors with a strong concentration of larger two- and three-bedroom floor plans. The property's combination of larger units, efficient layouts, and expansive lot creates an attractive multifamily investment opportunity in the San Fernando Valley. Built in 1986, the property is not subject to LA City Rent Control, providing investors with greater flexibility in managing the asset. With 13 of the property's 15 units offering two or three bedrooms, 8814 Willis Ave provides a desirable unit mix designed to accommodate a variety of household sizes while supporting long-term rental demand. Located near Kaiser Permanente Panorama City Medical Center, Plaza del Valle, Van Nuys Boulevard, and numerous shopping, dining, and employment destinations, the property offers residents convenient access to everyday amenities throughout Panorama City and the surrounding San Fernando Valley. Nearby access to the 5, 118, and 405 Freeways further enhances regional connectivity. Combining a substantial lot, desirable unit mix, and convenient location, 8814 Willis Ave represents a compelling opportunity to acquire a multifamily asset positioned for long-term ownership in the San Fernando Valley.
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FeaturesGeneralLiving Area 16384
Heating Central
Cooling Central Air
Zoning LARD1.5
Year Built 1986
Stories Count 2
Levels Two
Gross Income 371724
County Los Angeles
Net Operating Income 217742
New Construction false
Property Type Residential Income
HOA false
Attached Garage true
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions Exit Roscoe Blvd and head east. Turn left onto Willis Ave and continue north to 8814 Willis Ave Panorama City CA 91402.
City Panorama City
Senior Community Y/N false
Number Of Units Total 15
MLS Area PC - Panorama City
Lot Size Units Square Feet
Lot Size Square Feet 23272
Standard Status Active
Cap Rate 7.02
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InteriorTotal Stories 2
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 30
Total Baths 28
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ExteriorTotal Parking 30
Lot Size Area 23272
Number of Buildings 1
Building Area Total 16384
Lot Dimensions 100x233
Lot Size Acres 0.5343
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* Excluded FeaturesList ByMichael StermanListing Agent
Michael.Sterman@marcusmillichap.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $21,411
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in Panorama City, CA
Average List Price $3,137,846
Percent of Sale Price 1%
About Panorama City, CA 71,128 Population
7% Since 2002
$ 40,415 Median Income
33.28 Median Age
42% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/20/2026 | $3,100,000 | | Listed Price |