8435 Willis Ave, Panorama City, CA, 91402
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.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1962
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Common Area
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 6
Features
- Common walls with other units/homes: 2+ Common Walls
Interior Area
- Total structure area: 3,536
- Total interior livable area: 3,536 sqft
Property
Details
- Parcel number: 2653020011
- Attached to another structure: Yes
- Special condition: Standard
Features
- Entry location: 1
- Pool features: None
Lot
- Lot size: 5,402 sqft
- Features: 6-10 Units/Acre
Parking
- Total spaces: 6
- Parking features: Carport
- Covered spaces: 6
- Carport: Yes
- Carport spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,315 | $75,780 |
| Home Insurance * | $226 | $2,712 |
| Property Taxes | $697 | $8,364 |
| Electricity | $758 | $9,098 |
| Total | $7,996 | $95,952 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-26 | Listed for sale | $1,249,000 |
| 2026-04-01 | Listing removed | $1,575 |
| 2026-03-23 | Listed for rent | $1,575 |
| 2018-10-01 | Listing removed | $935,000 |
| 2018-06-28 | Listed for sale | $935,000 |
| 2018-06-15 | Pending sale | $935,000 |
| 2018-05-17 | Price change | $935,000 |
| 2018-04-30 | Price change | $950,000 |
| 2018-03-29 | Price change | $960,000 |
| 2017-10-13 | Listed for sale | $930,000 |
| 2017-10-13 | Pending sale | $930,000 |
| 2017-09-11 | Price change | $930,000 |
| 2017-07-31 | Listed for sale | $960,000 |
| 2013-04-16 | Listing removed | $620,000 |
| 2013-02-27 | Pending sale | $620,000 |
| 2012-08-22 | Price change | $620,000 |
| 2012-06-27 | Price change | $639,000 |
| 2012-06-20 | Price change | $599,000 |
| 2012-06-06 | Price change | $639,000 |
| 2011-12-17 | Price change | $659,000 |
| 2011-11-17 | Listed for sale | $685,000 |
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