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$3,100,000
4 Days On Site

8814 Willis Avenue
Panorama City, CA 91402

For Sale|Residential Income|Active
30
Beds
28
Total Baths
16,384
SqFt
$189
/SqFt
1986
Built
County:
Los Angeles
Listed by Michael Sterman of Marcus & Millichap Michael.Sterman@marcusmillichap.com
Call Now: (800) 215-5000
Is this the listing for you? We can help make it yours.
(800) 215-5000
8814 Willis Avenue8814 Willis Avenue8814 Willis Avenue8814 Willis Avenue
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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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Listing Snapshot
Price 
$3,100,000
Days On Site 
4 Days
Bedrooms 
30
Inside Area (SqFt) 
16,384 sqft
Total Baths 
28
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.5343 Acres
Year Built 
1986
MLS Number 
26103502
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS
5 days agoListing first seen on site
General Features
Acres 
0.5343
Attached Garage 
Yes
Levels 
Two
Number Of Stories 
2
Parking 
Attached
Parking Spaces 
30
Special Circumstances 
Standard
SqFt Total 
16384
Zoning 
LARD1.5
Interior Features
Cooling 
Central Air
Heating 
Central
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Community Features
MLS Area 
PC - Panorama City


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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