20
See all 20 photos
$3,100,000
Est. payment /mo
30 Beds
28 Baths
16,384 SqFt
New
8814 Willis AVE Panorama City, CA 91402
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 16,384 sqft
Price per Sqft $189
MLS Listing ID 26103502
Bedrooms 30
HOA Y/N No
Year Built 1986
Lot Size 0.534 Acres
Property 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.
Location
State CA
County Los Angeles
Area Pc - Panorama City
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Total Parking Spaces 30
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2653004099
Special Listing Condition Standard
Listed by Michael Sterman Marcus & Millichap #01911703
NEARBY SCHOOL & BUSINESS
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