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$1,249,000
Est. payment /mo
1 Bed
2 Baths
5,402 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26139787
Bedrooms 1
Lot Size 5,402 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Public Rec
Direction North of Roscoe Blvd And West of Van Nuys Blvd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2653020011
Virtual Tour https://vimeo.com/aplagroup/8435willisave?share=copy&fl=sv&fe=ci
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Listed by James Antonucci, DRE#01822661 Keller Williams Realty-Studio City
Nearby School & Business
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