9205 Burnet Ave | North Hills, CA 91343
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- LoopNet Team
9205 Burnet Ave
North Hills, CA 91343
Multifamily Property For Sale
·
46 Units
Investment Highlights
- Turn Key Asset with Strong Cash Flow at 9.58 GRM & 6.54% CAP
- Property sits on a Large 2 Acre Lot with the potential to add ADU's - Buyer to verify with City
- Situated in the heart of North Hills, central location with easy access to local amenities, transportation, and major employment centers.
- Excellent Unit Mix Consisting of 45 - 2 Bedroom / 2 Bathrooms & 1 - Studio Unit. Very desirable for today's rental market.
- Built in 1985 under AB 1482 Statewide Rent Control
- Attractive Common Areas: The property includes well-maintained common areas and a pool, enhancing tenant satisfaction and retention.
Property Facts
| No. Units | 46 | Lot Size | 2.04 AC |
| Property Type | Multifamily | Building Size | 48,766 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1985 |
| Building Class | C | Parking Ratio | 0.82/1,000 SF |
| Zoning | LARD2 | ||
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.04 AC |
| Building Size | 48,766 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | LARD2 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Tenant Controlled HVAC
- Gated
- Pet Play Area
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,875 | 600 |
| 2+2 | 45 | $1,456 | 1,000 |
Property Taxes
| Parcel Number | 2656-024-039 | Improvements Assessment | $3,513,663 |
| Land Assessment | $5,254,078 | Total Assessment | $8,767,741 |
Property Taxes
Parcel Number
2656-024-039
Land Assessment
$5,254,078
Improvements Assessment
$3,513,663
Total Assessment
$8,767,741
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