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8734-8736 Burnet Ave 20 Unit Apartment Building $3,950,000 ($197,500/Unit) North Hills, CA 91343
Investment Highlights
- Units are individually deeded title, electricity/gas metered. Ideal for redevelopment potential to revert as HOA - to verify with City.
- Tri-Level Townhouse units in larger sizes, (8) 3B/2.5b (1380sqft ~ 1530sqft) & (12) 2B/2.5b (1040sqft) & attached 2-car garage!
- Superb location for convenience to freeway, shopping, major businesses; and a popular area with on-going gentrifications!
Executive Summary
Property to be sold in its "As Is, Where Is" condition with no repairs from the Seller.
Buyer to verify with Zoning on the potential opportunity.
Buyer to investigate the property at its own cost, including building inspection, environmental studies, etc.
Buyer to verify with Zoning on the potential opportunity.
Buyer to investigate the property at its own cost, including building inspection, environmental studies, etc.
Property Facts
| Price | $3,950,000 | Building Class | C |
| Price Per Unit | $197,500 | Lot Size | 0.56 AC |
| Sale Type | Investment | Building Size | 35,901 SF |
| No. Units | 20 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1990 |
| Apartment Style | Low-Rise | Parking Ratio | 1.11/1,000 SF |
| Zoning | RD1.5 - Buyer to verify with the City on property zoning. Property was previously operated as "8734 Burnett HOA." Consisted of 20 individual townhouses. | ||
| Price | $3,950,000 |
| Price Per Unit | $197,500 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 35,901 SF |
| Average Occupancy | 75% |
| No. Stories | 3 |
| Year Built | 1990 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | RD1.5 - Buyer to verify with the City on property zoning. Property was previously operated as "8734 Burnett HOA." Consisted of 20 individual townhouses. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 8 | $2,475 | 1,350 - 1,530 |
| 2+3 | 12 | $2,200 | 1,040 - 1,060 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,826,371 | |
| Land Assessment | $1,051,874 | Total Assessment | $2,878,245 |
Property Taxes
Parcel Numbers
Land Assessment
$1,051,874
Improvements Assessment
$1,826,371
Total Assessment
$2,878,245
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8734-8736 Burnet Ave
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