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$3,100,000

FOR SALE
Active

8814 Willis Avenue

Panorama City, CA

MLS# 26103502

16,384 Sq Ft30bd • 28ba
10 days on marketNalren refreshed

Listing Agent

Michael Sterman

Listing Agent

Marcus & Millichap

DRE #: 01911703

(818) 212-2700

Brokerage: Marcus & Millichap

Property Details

30

Bedrooms

28

Bathrooms

16,384 sqft

Square Feet

1986

Year Built

0.53 acres

Lot Size

$189

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

N/A

Property Type

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.

Facts & Features

Building

Year Built
1986
Living Area
16,384 sqft
Building Area Total
16,384
Levels
Two
Stories Total
2

Utilities

Heating
Central
Cooling
Central Air

Parking

Parking Total
30

Community / HOA

HOA
No

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