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8837 Burnet Ave
North Hills, CA 91343
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Convenient access to I-405, SR-118, and SR-170
- Modern construction with low deferred maintenance
Executive Summary
Harvest Realty Development is pleased to present the opportunity to acquire a newly constructed 12-unit multifamily property located at 8837 Burnet Ave in North Hills, CA, within the highly desirable San Fernando Valley submarket of Los Angeles.
Completed in 2023, the property features approximately 17,040 square feet of rentable building area situated on a 13,700 square foot lot. The building consists of twelve spacious residential units averaging approximately 1,420 SF each, designed with modern layouts and high-quality construction standards.
The property offers 23 secured parking spaces, providing ample parking for tenants and enhancing the property's long-term rental appeal. As a newly constructed asset, the property offers low maintenance costs and strong long-term investment stability.
Located in North Hills, the property benefits from convenient access to major transportation corridors including I-405, SR-118, and SR-170, as well as proximity to retail centers, employment hubs, and educational institutions throughout the San Fernando Valley.
This is a rare opportunity to acquire a new construction multifamily asset in Los Angeles County, offering strong rental demand, modern building standards, and long-term investment potential.
Newly constructed 12-unit multifamily property (2023)
± 17,040 SF rentable building area, ± 13,700 SF lot, 23 parking spaces
Located in the San Fernando Valley rental market
Completed in 2023, the property features approximately 17,040 square feet of rentable building area situated on a 13,700 square foot lot. The building consists of twelve spacious residential units averaging approximately 1,420 SF each, designed with modern layouts and high-quality construction standards.
The property offers 23 secured parking spaces, providing ample parking for tenants and enhancing the property's long-term rental appeal. As a newly constructed asset, the property offers low maintenance costs and strong long-term investment stability.
Located in North Hills, the property benefits from convenient access to major transportation corridors including I-405, SR-118, and SR-170, as well as proximity to retail centers, employment hubs, and educational institutions throughout the San Fernando Valley.
This is a rare opportunity to acquire a new construction multifamily asset in Los Angeles County, offering strong rental demand, modern building standards, and long-term investment potential.
Newly constructed 12-unit multifamily property (2023)
± 17,040 SF rentable building area, ± 13,700 SF lot, 23 parking spaces
Located in the San Fernando Valley rental market
Property Facts
| Price Per Unit | $523,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.32 AC |
| No. Units | 12 | Building Size | 17,040 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 | ||
| Price Per Unit | $523,333 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 17,040 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Zoning | LARD1.5 |
Property Taxes
| Parcel Number | 2654-008-024 | Improvements Assessment | $0 |
| Land Assessment | $1,456,420 | Total Assessment | $1,456,420 |
Property Taxes
Parcel Number
2654-008-024
Land Assessment
$1,456,420
Improvements Assessment
$0
Total Assessment
$1,456,420
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