About this home

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.

Facts and features

Schools

• Vista Middle School

  middle · 6-8 · 0.4 mi

  5

• Panorama High School

  high · 9-12 · 0.6 mi

  4

• Panorama City Elementary School

  elementary · K-5 · 0.2 mi

  9

• St. Genevieve High School

  elementary · K-12 · 0.7 mi

• Noble Avenue Elementary School

  elementary · K-5 · 0.4 mi

  4

• Michelle Obama Elementary

  elementary · K-5 · 0.4 mi

  6

Price history

• Oct 13, 2026 · Price Changed$1,149,000
• Aug 31, 2026 · Price Changed$1,195,000
• Jun 26, 2026 · Listed$1,249,000
• Oct 19, 2018 · Listing Removed$695,000
• Oct 8, 2018 · Listing Removed—
• Oct 2, 2018 · Listing Removed$935,000
• May 17, 2018 · Price Changed$935,000
• Apr 30, 2018 · Price Changed$950,000

Tax history

• 2025$10,189 tax · $778,742 assessed
• 2024$10,045 tax · $763,474 assessed
• 2023$9,670 tax · $733,829 assessed
• 2022$9,245 tax · $719,441 assessed
• 2021$9,122 tax · $705,335 assessed
• 2020$9,206 tax · $698,104 assessed
• 2019$8,866 tax · $684,416 assessed
• 2018$8,770 tax · $670,997 assessed

Home value

$1,531,406

• Quantarium$1,531,406
• Collateral Analytics$1,196,000

Where it is