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For SaleLuxury

$3,100,000

16,384 sqft$189/sqft23 days on market

8814 Willis Avenue

Panorama City, CA 91402

· 8% down, 7% APR, 30yr fixed

30

Beds

28

Baths

16,384

Square feet

1986

Built

Listing narrative

Description

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.

Listing agent (MLS): Michael Sterman · Listing brokerage (MLS): Marcus & Millichap

Property Details

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Price

$3,100,000

Beds

30 bd

Type

House

Home Size

16,384 sqft

Baths

28

Lot Size

0.53 acres

Year

1986

Status

For Sale

Days on Market

23

$ / Sqft

$189

· 8% down, 7% APR, 30yr fixed
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Courtesy of Marcus & Millichap