$6,280,000
8837 Burnet Avenue, North Hills CA 91343
Multi-Family (12 Units)
Property type
96 days
On market
$369
Price per sqft
23 cars
Garage
2024
Year built
13,665 sqft
Lot size
Home highlights
Open Houses
Overview
Briefly described, the subject consists of a good quality two-story apartment building above on-grade garage parking in good condition, containing 12 units totaling approximately 17,040 SF of net rentable area (per appraiser's measurements) and a gross building area of 17,200 SF (per Application for Building Permit and Certificate of Occupancy), constructed in 2023. The...
Listing provided by: Mingyang Li DRE #02164643, Real Broker, QIANG ZHANG DRE #01403183 626-203-2877, Harvest Realty Development
Listing updated: May 22, 2026 at 11:45pm.
Last checked: Jun 5, 2026 at 08:01am
Source: CRMLS #OC26044359
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 9 | 3 | 3 | — | $3,300 | $29,700 | $27,570 | Unfurnished |
| 1 | 3 | 3 | — | $1,489 | $1,489 | $1,200 | Unfurnished |
| 2 | 3 | 3 | — | $3,300 | $6,600 | $6,040 | Unfurnished |
# of Buildings: 1
# of Units Total: 12
Separate Electric Meters: 12
Separate Gas Meters: 12
Separate Water Meters: 12
Dishwasher: 12
Ranges: 12
Rent Control: No
Tenant Pays: All Utilities, Cable Tv, Electricity, Gas, Water
Financial Snapshot
Gross Rent Multiplier
13.8x
List Price / Annual Gross Rent
Cap Rate
5.18%
NOI / List Price
Gross Scheduled Income: $453,468
Operating Expense: $114,701
Net Operating Income: $325,163
Annual Operating Expenses
Electric: $1,000
Fuel: $0
Insurance: $4,800
Professional Management: $22,673
Trash: $3,600
Water / Sewer: $2,000
Interior
Interior Features: All Bedrooms Up
Room Type: Bedroom
Flooring: Wood
Cooling: Central Air
Appliances: Dishwasher, Gas Oven, Gas Range, Microwave
Fireplace: Bath, Electric, Gas, Living Room
Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 3
Levels: Three Or More
Common Walls: Two Common Walls Or More
Lot Features: Eleven To Fifteen Units Acre
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Available, Natural Gas Available, Water Available
Garage and Parking
Parking: Assigned, Garage, Gated
Garage Spaces: 23
Parking Total: 23
Lot Information
Land Lease: No
Common Interest: Condominium
Parcel #: 2654008024
Additional Parcels: No
Tax Lot: 6
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 8837 Burnet Avenue, North Hills, CA 91343. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$5,024,000
Total Interest
$6,407,835
Total Payment
$11,431,835
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$38,447
per month
Property History for 8837 Burnet Avenue
North Hills Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91343.
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