15-Unit Apartment
8814 Willis Ave, Los Angeles, CA 91402
For Sale
$3,100,000
A 1986 multifamily property with a unit mix weighted toward two- and three-bedroom apartments.
Property Size16,384 SF
Lot Size0.53 Acres
Days on Market16
Property Features for 8814 Willis Ave
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Amenities
Panorama City Location
15-Unit Apartment Building
Built in 1986 - Not Subject to LA City Rent Control
Attractive unit mix: Two (2) one-bedroom + one-bathroom units Eleven (11) two-bedroom + two-bathroom units Two (2) three-bedroom + two-bathroom units
Large Units Averaging Over 1,000 SF
Close to major employers and retail along Van Nuys Boulevard
Convenient access to the 5, 118, and 405 Freeways, providing strong regional connectivity throughout the San Fernando Valley and Greater Los Angeles
Building Details
Building Size
Year Built
Units
Listing Agency:
Marcus & Millichap
Listed By:
Michael Sterman · License #License(s): CA: 01911703
(818) 212-2784
Source:
Marcusmillichap
Added: Oct 24
Changed: Nov 6
Last Checked: Nov 6 at 2:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
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Investment Insights
Based on property information with market context.
Built in 1986, this 15-unit apartment property contains approximately 16,384 square feet of rentable living area on a 23,272-square-foot lot. The unit mix comprises two one-bedroom/one-bathroom apartments, eleven two-bedroom/two-bathroom apartments, and two three-bedroom/two-bathroom apartments. Thirteen units have two or three bedrooms. The property is not subject to LA City Rent Control.
The building is in Panorama City, near Kaiser Permanente Panorama City Medical Center, Plaza del Valle, and Van Nuys Boulevard. Access to the 5, 118, and 405 Freeways connects the property with destinations across the San Fernando Valley.
The building is in Panorama City, near Kaiser Permanente Panorama City Medical Center, Plaza del Valle, and Van Nuys Boulevard. Access to the 5, 118, and 405 Freeways connects the property with destinations across the San Fernando Valley.
Key Highlights
- 15 apartments built in 1986
- Approximately 16,384 square feet of rentable living area
- 23,272‑square‑foot lot
Property Analytics
Lease Details
15
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 91402, CA
70,140
Population
20,570
Households
3.4
Avg Household Size
35
Median Age
19%
College-Educated
67%
High-School Grad
3.7 sq mi
ZIP Area
18,957
Density / Sq Mi
$56,369
Median Household Income
$31,452
Median Earnings
$1,607
Median Rent
$586,500
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A 1986 multifamily property with a unit mix weighted toward two- and three-bedroom apartments.
Where is this apartment building located?
The property is located at 8814 Willis Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 15 apartments built in 1986; Approximately 16,384 square feet of rentable living area; 23,272‑square‑foot lot
