8435 Willis AvePanorama City, CA 91402

Multi-Family · 3,536 Sq. ft. | 0.12 Acres
$1,249,000 Active

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.

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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

34
Median Age
18,819
Population Density (per sq. mile)
23%
College Educated
$48,933
Estimated Median Income
7,022
Estimated Total Home Owners
13,318
Estimated Total Renters
35% / 65%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

8435 Willis Ave Market Data

Based on the last 30 days in this zip code

$675,292
Average List Price
$469
Average Price per Square Foot
15
Properties Sold
95
Average Days on Market
188
Properties for Sale
Calculations provided by Reliance Network

8435 Willis Ave History

Date Event Value Agent
6/26/2026Source: CRMLS Added to Database
June 26, 2026
Listing provided courtesy of Keller Williams Realty-Studio CityJames Antonucci- MLS# SR26139787MLS ProviderContact Information: [email protected] - 818-432-1500
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