8116 Willis Avenue
Panorama City, CA, 91402
$729,000
MLS: CV26082025
Beds
3
Baths
2
Sq Ft
1,232
Lot
0.14 ac
Year Built
1953
MLS #
CV26082025
Days on Market
1
Listed
Apr 16, 2026
Description
This property offers a great potential for renovation and customization, making it a perfect opportunity for investors or buyers who are looking to create their dream home. 3 bedroom, 2 bath home with private swimming pool, ready for your personal touch. Ideally located in a desirable neighborhood close to shopping centers, the mall, schools and convenient transportation options. The home features an abundance of windows, filling the space with natural lights and creating a bright welcoming atmosphere. Step outside to enjoy the pool area, perfect for relaxing or entertaining. With its prime location and strong potential, this is a fantastic opportunity you don't want to miss.
Location
Panorama City, Los Angeles County, CA 91402
Open on Google Maps ↗Listed by: Mae Patino · REALTY MASTERS & ASSOCIATES
Payment estimate
$5,364
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $72,900 · Loan: $656,100
- Principal & Interest
- $4,031
- Property tax (1.25%)
- $759
- Homeowners insurance
- $300
- Mortgage insurance
- $273
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Panorama City home with as little as 3.5% down using an FHA loan — roughly $25,515 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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