8435 Willis Ave
Panorama City, CA 91402
Listing broker / agent: Keller Williams Realty-Studio City · James Antonucci · 818-381-6601 · CRMLS
MLS # SR26139787 · Last checked Oct 21, 2026 05:18 UTC
About this property
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 details
- MLS number
- SR26139787
- Status
- Active
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.124 acres
- County
- Los Angeles
- Year built
- 1962
More property detailsCollapse
Listing
- Days on market
- 109
Building
- Year built
- 1962
- Year built source
- Public Records
- Building stories
- 2
- Entry level
- 1
Rooms & interior
- Laundry
- Common Area
Exterior & parking
- Total parking spaces
- 6
- Garage spaces
- 0
- Carport spaces
- 6
- Pool
- None
- Lot features
- Six To Ten Units Acre
- Lot size source
- Assessor
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Suburban
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Panorama City Elementary (school website, opens in a new tab) Los Angeles Unified · Panorama City | K–5 | 0.2 mi |
| Vista Middle (school website, opens in a new tab) Los Angeles Unified · Panorama City | 6–8 | 0.4 mi |
| Noble Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · North Hills | K–5 | 0.4 mi |
| Michelle Obama Elementary (school website, opens in a new tab) Los Angeles Unified · Panorama City | K–5 | 0.4 mi |
| Cal Burke High (school website, opens in a new tab) Los Angeles Unified · Panorama City | 9–12 | 0.5 mi |
| Alta California Elementary (school website, opens in a new tab) Los Angeles Unified · Panorama City | K–5 | 0.5 mi |
| Rosa Parks Learning Center (school website, opens in a new tab) Los Angeles Unified · North Hills | K–5 | 0.6 mi |
| Panorama High (school website, opens in a new tab) Los Angeles Unified · Panorama City | 9–12 | 0.6 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,149,000
- MLS-reported original asking price
- $1,249,000
- MLS-reported previous asking price
- $1,195,000
- MLS-reported last price change
- 2026-10-12 17:26 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 13, 2026 00:38 | $1,149,000 |
| Oct 2, 2026 08:28 | $1,195,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Panorama City
Active residential homes for sale in Panorama City, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
6 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-21 06:01 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗