7
See all 7 photos
$3,950,000
Est. payment /mo
8 Beds
9 Baths
0.56 Acres Lot
New
8734 - 8736 Burnet North Hills, CA 91343
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26104036
Bedrooms 8
Lot Size 0.556 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Property was built in 1990 as 20 Units Tri-level Townhouses with sub-division in place. Homeowner's Association was called 8734 Burnet HOA. Upon Seller's purchase of all units in 2008, property has been managed under one ownership as rental income units. Buyer to verify with the City, Franchise Tax Board and other appropriate agencies for the possibility of reactivating the HOA. (8) 3-Bedrms/2.5-baths, (12) 2-Bedrms/2.5-baths and all with attached 2-car garage directly accessible to its own unit. Large unit sized 1040 sqft for 2-Bdrms and 1380~1530 sqft for 3-Bdrms. Current rental income is on the lower side, however, the five (5) vacant units may bring higher rental income. All electrical panels have been replaced. Each tenant pays its own electricity and gas. There are two water meters. Priced for quick sale at $3,950,000 Total and $197,500 per unit is a rare opportunity for investment. Seller reserve the option for 1031 Exchange, and will make known to Buyers upon receiving offers. Do not miss this one!
Location
State CA
County Los Angeles
Zoning Assessor
Direction East/405 Freeway, North/Roscoe
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 2654007167
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Ching Sze Louie, DRE#00938644 Louie Properties, Inc.
NEARBY SCHOOL & BUSINESS
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