8435 Willis Ave Overview
- Time on Site:
- 3 days
- Visits:
- 0
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.
8435 Willis Ave Facts & Features
- Type Multi-Family
- Sq. ft. 3,536
- Price/Sq.ft. $353
- Lot 0.12 Acres
Details
General
Association/HOA
- Association: No
- Common Interest: Community Apartment
Income/Expenses
- Other Expense: 1200.0
- Electric Expense: 2880.0
- Fuel Expense: 2880.0
- Gardener Expense: 1500.0
- Gross Income: 103814.0
- Gross Scheduled Income: 107025.0
- Insurance Expense: 4597.0
- Maintenance Expense: 4153.0
- Net Operating Income: 65052.0
- New Taxes Expense: 15613.0
- Operating Expense: 38762.0
- Trash Expense: 2160.0
- Water Sewer Expense: 2882.0
Building Information
- New Construction: No
- Year Built: 1962
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: PC - Panorama City
- Postal City: PANORAMA CITY
Community/Development
- Community Features: Suburban
Rent/Lease Information
- Land Lease: No
General Information
- Listing Terms: Cash to New Loan
- Parcel Number: 2653020011
- Property Sub Type: Apartment
- Property Type: Residential Income
- Rent Control: Yes
- Senior Community: No
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage: No
Building Interior
- Building Area Total: 3536.0
- Building Area Units: Square Feet
General Information
- Common Walls: 2+ Common Walls
- Entry Level: 1
- Entry Location: 1
- Laundry Features: Common Area
- Stories Total: 2
Exterior
Parking Information
- Parking Total: 6.0
Lot Information
- Additional Parcels: No
- Lot Features: 6-10 Units/Acre
- Lot Size Acres: 0.124
- Lot Size Area: 5402.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 5402.0
- Lot Size Units: Square Feet
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 6
- Number Of Separate Water Meters: 1
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Property Attached: Yes
General Information
- Carport Spaces: 6.0
- Carport: Yes
- Number Of Units Leased: 6
- Number Of Units Total: 6
- Pool Features: None
- Pool Private: No
- Sewer: Public Sewer
8435 Willis Ave Neighborhood
Community
91402 (PANORAMA CITY) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.8435 Willis Ave Monthly Cost
8435 Willis Ave Market Data
Based on the last 30 days in this zip code
8435 Willis Ave History
| Date | Value | Agent |
|---|---|---|
| 6/26/2026Source: CRMLS | June 26, 2026 |
Contact Information: [email protected] - 818-432-1500