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Listed by Ching Sze Louie, DRE #00938644 • Louie Properties, Inc.
$ 3,950,000
Est. payment /mo
Pending
8734 - 8736 Burnet North Hills, CA 91343
0.56 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRAR26104036
Style Contemporary
Year Built 1990
Lot Size 0.556 Acres
Source California Regional MLS
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
Area Noh - North Hills
Interior
Heating Forced Air
Cooling Central AC
Exterior
Parking Features Garage
Garage Spaces 40.0
Pool 31, None
Roof Type Flat / Low Pitch
Building
Story Three or More Stories
Water Other
Architectural Style Contemporary
Others
Tax ID 2654007167
Special Listing Condition Not Applicable
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