8435 Willis Ave, Panorama City, CA 91402 For Sale

This 6-unit multifamily property is located in the heart of Panorama City, offering a great investment opportunity in a desirable Los Angeles neighborhood. The property features a unit mix of 2 single units and 4 one-bedroom-plus-one units, providing diverse rental income streams. Recent capital improvements include electric subpanel upgrades in 2024, a roof replacement in 2018, completed soft story retrofit, and copper plumbing throughout. The property is SB-721 compliant and individually metered for both gas and electric, reducing owner operating costs. With a current cap rate of 5.21% and pro-forma cap rate of 6.09%, this represents a stabilized investment with upside potential. The property benefits from nearby shopping and transit access, making it attractive to tenants.