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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,249,000

Est. payment - /mo

5,401 Sqft Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26139787

HOA Y/N No

Year Built 1962

Lot Size 5,401 Sqft

Property Sub-Type Apartment

Property 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.

Location

State CA

County Los Angeles

Area Pc - Panorama City

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 6

Pool None

Community Features Suburban

Total Parking Spaces 6

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2653020011

Energy Description 2880.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by James Antonucci Keller Williams Realty-Studio City 818-381-6601, DRE #01822661

NEARBY SCHOOL & BUSINESS

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8435 Willis Ave Panorama City, CA 91402