8837 Burnet Ave
12 Unit Apartment Building $6,280,000 ($523,333/Unit) 5.18% Cap Rate North Hills, CA 91343
EXECUTIVE SUMMARY
New build 12 units multifamily close to nearby shopping centers and major employers. Good quality two-story apartment building above on-grade garage parking. 12 units of 3BD, 2.5BA with unit size is approximately 1420sf. With approximately 17040sf to net rentable area. Currently vacant.
PROPERTY FACTS
| Price | $6,280,000 |
| Price Per Unit | $523,333 |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| 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 |
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PROPERTY TAXES
| Parcel Number | 2654-008-024 | Improvements Assessment | $0 |
| Land Assessment | $1,427,863 | Total Assessment | $1,427,863 |
ZONING
| Zoning Code | LARD1.5 |
