NOT LISTED FOR SALE

8445 Willis Ave Panorama City, CA 91402

Estimated Value: $1,731,000 - $2,538,000

12 Beds
8 Baths
5,068 Sq Ft
$436/Sq Ft Est. Value

Last Sold May 15, 2019

Last sale price $1,488,000 $294 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $13,153/month

28 Days on Market

Highlights

  • Gated Parking
  • Central Heating
  • Gated Home

About This Home

As of May 2019

THE NEW CONSTRUCTION EXPERTS are pleased to present this 2016 newer construction 4 unit building on the CORNER of Willis and Chase. Vibrant area near Roscoe blvd. Fantastic new building the performs great and has great tenants with a large upside in rents as its NON rent control. Please do not talk or walk the property as tenants are not aware of the sale.Broker/Agent does not guarantee accuracy of square footage, lot size, zoning, rent control, permits, use code, schools and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals.

Last Agent to Sell the Property

ilan Rozenfeld

Power Brokers License #01257598 Listed on: 03/21/2019

Co-Listed By

Don Greene

Sotheby's International Realty License #01174401

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Lot Details

  • 5,105 Sq Ft Lot
  • Gated Home

Home Design

  • Quadruplex

Interior Spaces

  • 5,068 Sq Ft Home
  • 2-Story Property

Home Security

  • Security Lights
  • Fire Sprinkler System

Parking

  • 8 Parking Spaces
  • Gated Parking

Utilities

  • Central Heating
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Buildings
  • 4 Units

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5068
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 304.85

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 8

Utilities

  • Water Heater: Gas
  • Heating: Central
  • Security: Exterior Security Lights, Fire Sprinklers, Gated
  • Sewer: In Street

Lot Info

  • Assessor Parcel Number: UNAVAILABLE
  • Geocode Override: No
  • Lot Size Area: 5105

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.80
  • Number Of Units: 4
  • Type Of Units: Fourplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2019
Closed on
Apr 29, 2019
Sold by
Stay Mellow Llc
Bought by
Eshagian Joseph
Seller's Agent
ilan Rozenfeld
Power Brokers
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,545,000
Sold Price
$1,488,000
Premium/Discount to List
-$57,000
-3.69%
Current Estimated Value
$2,207,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$719,557
Avg. Annual Appreciation
6.06%

Purchase Details

Listed on
Mar 21, 2019
Closed on
Apr 26, 2019
Sold by
Montegrande Faye Marie
Bought by
Eshagian Joseph
Seller's Agent
ilan Rozenfeld
Power Brokers
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,545,000
Sold Price
$1,488,000
Premium/Discount to List
-$57,000
-3.69%

Purchase Details

Closed on
Apr 5, 2016
Sold by
Chiron Investments Llc
Bought by
Stay Mellow Llc

Purchase Details

Listed on
Jan 16, 2015
Closed on
Jun 8, 2015
Sold by
Polli Savvas and Polli Despina
Bought by
Chiron Investments Llc
Seller's Agent
Brian Stace
Pinnacle Estate Properties, Inc.
Buyer's Agent
Brian Stace
Pinnacle Estate Properties, Inc.
List Price
$500,000
Sold Price
$400,000
Premium/Discount to List
-$100,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.52%

Purchase Details

Closed on
Oct 14, 2002
Sold by
Polli Savvas and Polli Despina
Bought by
Polli Savvas and Polli Despina
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Eshagian Joseph $1,488,000 Priority Title
Eshagian Joseph -- Priority Title
Stay Mellow Llc -- None Available
Chiron Investments Llc $400,000 Priority Title
Polli Savvas -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2019 05/15/19 Sold $1,488,000 -3.7% $294 / Sq Ft
03/21/2019 03/21/19 For Sale $1,545,000 +286.3% $305 / Sq Ft
06/29/2015 06/29/15 Sold $400,000 -20.0% $345 / Sq Ft View Prior Sale
06/01/2015 06/01/15 Pending -- -- --
01/16/2015 01/16/15 For Sale $500,000 -- $431 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,270 $1,659,888 $663,732 $996,156
2024 $20,270 $1,627,342 $650,718 $976,624
2023 $19,784 $1,595,434 $637,959 $957,475
2022 $18,869 $1,564,151 $625,450 $938,701
2021 $18,622 $1,533,483 $613,187 $920,296
2019 $18,113 $1,491,901 $424,471 $1,067,430
2018 $18,016 $1,462,649 $416,149 $1,046,500
Source: Public Records

Agents Affiliated with this Home

  • ilan Rozenfeld

    Seller's Agent in 2019

    ilan Rozenfeld

    Power Brokers

    (310) 980-0262

    1 Total Sale

    ilan Rozenfeld
    Section Image
  • Don Greene

    Seller Co-Listing Agent in 2019

    Don Greene

    Sotheby's International Realty

    (310) 403-0634

    22 Total Sales

    Don Greene
    Section Image

  • S

    Buyer's Agent in 2019

    Subscriber Non

    Non-Participant Office

  • Brian Stace

    Seller's Agent in 2015

    Brian Stace

    Pinnacle Estate Properties, Inc.

    (818) 599-6666

    10 Total Sales

    Brian Stace
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 19-446740

The MLS

APN: 2653-020-113

California Los Angeles County Panorama City 91402

8445 Willis Ave, Panorama City, CA

Not Listed for Sale

MultiFamily

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