8435 Willis Ave - Apartments FOR SALE


Panorama City, CA 91402
$1,249,000 USD
818-381-6601
8435 Willis Ave, Panorama City, CA for Sale
$1,249,000 USD
Apartments - FOR SALE
1/19
null | 5.21% Cap Rate

8435 Willis Ave
Panorama City, CA 91402


HIGHLIGHTS

  • Electric Subpanels Upgraded In 2024
  • Roof Replaced 2018
  • SB-721 Compliant
  • Soft Story Retrofit Completed
  • Copper Plumbing
  • Short Distance To I-5, I-405, & CA-170 Freeways

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,249,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

6

PRICE/UNIT

$208,167

CAP RATE

5.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,397 SF

ZONING

R3-1, City of L.A.

APN/PARCEL ID

2653-020-011

ASK ABOUT THIS PROPERTY

James AntonucciAPLA GROUPMore Info
818-381-6601

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James AntonucciAPLA GROUPMore Info
818-381-6601

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.