8335 Willis Ave | Panorama City, CA 91402
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- LoopNet Team
8335 Willis Ave
Panorama City, CA 91402
Strong Panorama City Location | 28 Units · Multifamily Property For Sale
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28 Units
INVESTMENT HIGHLIGHTS
- Strong Central San Fernando Valley Rental Location in Panorama City
- Walking Distance to the Panorama Mall, Food4Less, and the 800,000 SF Outdoor Shopping Center known as The Plant
- Current Rents 57% Under Market; True Value-Add Opportunity
- Near Many Major San Fernando Employers including Galpin Ford, Kaiser Permanente, Wal-Mart, and PureTek Corporation
- Excellent Mix of One, Two, and Three-Bedroom Apartments with Average Size of More Than 1,050 Square Feet
- PART OF A 7 BUILDING PORTFOLIO; CAN BE SOLD INDIVIDUALLY
PROPERTY FACTS
| No. Units | 28 | Building Size | 29,634 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 0.94/1,000 SF |
| Lot Size | 0.74 AC | ||
| Zoning | LAR3 - Zoning to be Verified by Buyer | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 29,634 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | LAR3 - Zoning to be Verified by Buyer |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Tile Floors
- Kitchen
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Pool
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 800 |
| 2+2 | 10 | - | 1,150 |
| 3+2 | 6 | - | 1,400 |
PROPERTY TAXES
| Parcel Number | 2653-020-004 | Improvements Assessment | $3,380,000 |
| Land Assessment | $5,076,000 | Total Assessment | $8,456,000 |
PROPERTY TAXES
Parcel Number
2653-020-004
Land Assessment
$5,076,000
Improvements Assessment
$3,380,000
Total Assessment
$8,456,000
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