8435 Willis AvePanorama City, CA 91402

Description

Located in the heart of Panorama City, 8435 Willis Ave is a well-maintained 6-unit multifamily property that offers a strong investment opportunity in one of the San Fernando Valley's most desirable rental markets. The building consists of two (2) studio units and four (4) one-bedroom, one-bath units and has undergone several major capital improvements, including upgraded electrical subpanels, a newer roof, completed SB-721 compliance, a finished soft-story seismic retrofit, copper plumbing and remodeled units. These upgrades help minimize maintenance costs while enhancing the property's long-term value. The property also features gated entry, on-site parking, on-site laundry, and individually metered gas and electric service, which improve tenant satisfaction and reduce operating expenses. Conveniently located near Panorama Mall, shopping, dining, public transportation, the Van Nuys Metrolink Station, and major freeways, the property offers excellent accessibility for residents that makes it appealing and highly desirable by tenants. With its combination of recent improvements, desirable amenities, and prime location, 8435 Willis Ave presents a compelling opportunity for investors seeking stable rental income, minimal management and long-term value appreciation. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1962

Stories

2

Building area

3,536 Sq Ft

Lot size

0.12 acres

Parking spaces

6

Days on market

132

MLS^® Listing#

SR26139787

Property Features

Pool

None

Laundry

Common Area

Community

Suburban

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

2653020011

Directions

North of Roscoe Blvd And West of Van Nuys Blvd