8814 Willis Avenue
Panorama City, CA 91402
Listing broker / agent: Marcus & Millichap · Michael Sterman · CRMLS
MLS # 26103502 · Last checked Oct 21, 2026 02:55 UTC
About this property
We are pleased to present 8814 Willis Ave, a 15-unit multifamily property located in Panorama City, California. Built in 1986, the property consists of approximately 16,384 square feet of rentable living area situated on a substantial 23,272-square-foot lot. The building features an attractive unit mix of two (2) one-bedroom/one-bathroom units, eleven (11) two-bedroom/two-bathroom units, and two(2) three-bedroom/two-bathroom units, providing investors with a strong concentration of larger two- and three-bedroom floor plans. The property's combination of larger units, efficient layouts, and expansive lot creates an attractive multifamily investment opportunity in the San Fernando Valley. Built in 1986, the property is not subject to LA City Rent Control, providing investors with greater flexibility in managing the asset. With 13 of the property's 15 units offering two or three bedrooms, 8814 Willis Ave provides a desirable unit mix designed to accommodate a variety of household sizes while supporting long-term rental demand. Located near Kaiser Permanente Panorama City Medical Center, Plaza del Valle, Van Nuys Boulevard, and numerous shopping, dining, and employment destinations, the property offers residents convenient access to everyday amenities throughout Panorama City and the surrounding San Fernando Valley. Nearby access to the 5, 118, and 405 Freeways further enhances regional connectivity. Combining a substantial lot, desirable unit mix, and convenient location, 8814 Willis Ave represents a compelling opportunity to acquire a multifamily asset positioned for long-term ownership in the San Fernando Valley.
Property details
- MLS number
- 26103502
- Status
- Active
- Type
- Residential Income
- Beds / baths
- 30 Beds • 28 Baths
- Living area
- 16,384 (area; units unconfirmed)
- Lot size
- 0.5343 acres
- County
- Los Angeles
- Year built
- 1986
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 6
Building
- Year built
- 1986
- Stories
- 2
- Building stories
- 2
- Levels
- Two
Bathrooms
- Full bathrooms
- 0
- Half bathrooms
- 0
- Three-quarter bathrooms
- 0
- Quarter bathrooms
- 0
Rooms & interior
- Heating
- Central
- Cooling
- Central Air
Exterior & parking
- Total parking spaces
- 30
- Attached garage
- Yes
Fees & lease terms
- Association
- No
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 |
|---|---|---|
| Alta California Elementary (school website, opens in a new tab) Los Angeles Unified · Panorama City | K–5 | 0.2 mi |
| Panorama City Elementary (school website, opens in a new tab) Los Angeles Unified · Panorama City | K–5 | 0.3 mi |
| Primary Academy for Success (school website, opens in a new tab) Los Angeles Unified · Panorama City | K–2 | 0.3 mi |
| Rosa Parks Learning Center (school website, opens in a new tab) Los Angeles Unified · North Hills | K–5 | 0.4 mi |
| Valor Academy Middle (school website, opens in a new tab) Los Angeles Unified · North Hills | 5–8 | 0.6 mi |
| Noble Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · North Hills | K–5 | 0.6 mi |
| Valor Academy High (school website, opens in a new tab) Los Angeles Unified · North Hills | 9–12 | 0.7 mi |
| Vista Middle (school website, opens in a new tab) Los Angeles Unified · Panorama City | 6–8 | 0.7 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
- $3,100,000
- MLS-reported original asking price
- $3,100,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 20, 2026 20:48 | $3,100,000 |
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 04:01 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 ↗