9205 Burnet Avenue

North Hills, CA 91343

$12,250,000

List Price

91

bed Beds

91

shower Baths

48,766 sqft

straighten / sqft

1985

calendar_month Built

Property Description

9205 Burnet Ave, North Hills, CA 91343, is a 46-unit multifamily property consisting of 45 two-bedroom/two-bath units and 1 studio, with 48,766 square feet of livable space. Built in 1985, the property falls under AB1482 rent control and offers approximately 13% upside in rents. It sits on a large 2.04-acre lot in the heart of North Hills, with well-maintained common areas and a pool. With its potential for Accessory Dwelling Units (ADUs) and strong cash flow, this "cash cow" presents an exceptional investment opportunity in a rapidly growing Los Angeles submarket.

Listing Information

List Price $12,250,000
Status Active
MLS 24441049
Type Residential Income
Year Built 1985
Lot Size 88,856
Structure Size 48,766
DOM 1
Courtesy Of Kidder Mathews of California, Inc.
Listing Agent David Saghian DRE#01992252
Co-Listing Agent Michael Monempour DRE#01996829

Interior Features

Total Bedroom
Bedrooms 91
Total Bathroom
Bathrooms 91
Flooring Information
Material Wood
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: David Saghian, Michael Monempour, Kidder Mathews of California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 18th, 2024 at 4:38 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.