15-Unit Apartment
For Sale
$3,100,000
8814 Willis Ave, Panorama City, CA
Built in 1986, the property includes 13 homes with two or three bedrooms and is not subject to LA City Rent Control.
Property Size16,384 SF
Lot Size0.53 Acres
Price / SF$189.21
Days on Market17
Property Features for 8814 Willis Ave
General Information
Standard status
Active
Size
16,384 SF
Net Rentable
16,384 SF
Lot size
0.53 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 1BR/1BA, 11 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
15
Additional Details
Highway Access
Yes
Building Details
Year Built
1986
Listing Agency:
Marcus & Millichap
(818) 212-2700
Listed By:
Michael Sterman · License #CA 01911703
(818) 212-2784
Source:
Exprealty
Added: Oct 20
Changed: Nov 4
Last Checked: Nov 4 at 2:45PM
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. Its unit mix includes two one-bedroom, one-bathroom homes, eleven two-bedroom, two-bathroom homes, and two three-bedroom, two-bathroom homes. The property is not subject to LA City Rent Control.
Nearby destinations include Kaiser Permanente Panorama City Medical Center, Plaza del Valle, Van Nuys Boulevard, and a range of shopping, dining, and employment options. Access to the 5, 118, and 405 Freeways connects the property with the surrounding San Fernando Valley.
Nearby destinations include Kaiser Permanente Panorama City Medical Center, Plaza del Valle, Van Nuys Boulevard, and a range of shopping, dining, and employment options. Access to the 5, 118, and 405 Freeways connects the property with the surrounding San Fernando Valley.
Key Highlights
- 15 units built in 1986
- Approximately 16,384 square feet of rentable living area on a 23,272‑square‑foot lot
- Unit mix: two 1‑bedroom/1‑bathroom, eleven 2‑bedroom/2‑bathroom, and two 3‑bedroom/2‑bathroom homes
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
15
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1986, the property includes 13 homes with two or three bedrooms and is not subject to LA City Rent Control.
Where is this apartment building located?
The property is located at 8814 Willis Ave Panorama City, 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 units built in 1986; Approximately 16,384 square feet of rentable living area on a 23,272‑square‑foot lot; Unit mix: two 1‑bedroom/1‑bathroom, eleven 2‑bedroom/2‑bathroom, and two 3‑bedroom/2‑bathroom homes
