8814 Willis Ave , Panorama City, CA 91402
$3,100,000
Est. Payment: $16,085.23/mo
6 Bed
5 Bath
16384 Sqft
0.53 Acres
Status: active | Days on site: 8
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CLW-X75151 - CLW-C129728
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House 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.

Highlights

Listed by Michael Sterman , 818-212-2784 Marcus & Millichap , 818-212-2700. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.53

Year Built

1986

County

Los Angeles

Area

PC - Panorama City

Listing ID

26103502

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:5
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot:No Land Lease
Lot Dimensions:100x233
Garage Capacity:30
Zoning:LARD1.5
Others:
  • ▪ Additional:2+ Total Units
Principal Interest
$16,085
Taxes
$1,976

Home Price

$3,100,000

Loan Details

30 yrs
6.75%

Down Payment

20%
$620,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$16,085.23

Principal

Taxes

Principal Taxes HOA Total
Monthly $16,085.23 $1,976.25 $0.00 $18,061.48
Yearly $193,022.79 $23,715.00 $0.00 $216,737.79
Total $5,790,683.81 $711,450.00 $0.00 $6,502,133.81

Today's Rates

30 Year

6.75%

20 Year

6.86%

15 Year

6.24%

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Market insight data is pulled from the same city as the listing being viewed (Panorama City, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. 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, 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-07T23:34:32.000Z

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