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JLee Broker

[email protected] +1(650) 857-1000

Listed by Ching Sze Louie, DRE #00938644 • Louie Properties, Inc.

$3,950,000

Est. payment - /mo

0.56 Acres Lot

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Key Details

Property Type Commercial

Listing Status Active

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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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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8734 - 8736 Burnet North Hills, CA 91343

JLee Broker

Key Details

Location

Interior

Exterior

Building

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Nearby School & Business

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