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$10,500,000
66 Beds ⋅ 66 Baths ⋅ 26849827 MLS ⋅ Active Status
A rare opportunity to acquire a generational multifamily asset in one of the San Fernando Valley's most desirable rental markets. Offered for sale for the first time since its original development, the property has remained under the ownership of the original developer's family for more than five decades and occupies an exceptional site in the heart of Granada Hills. Opportunities to acquire an apartment community of this scale on such a large parcel are increasingly limited, particularly in a neighborhood defined by strong residential fundamentals, limited multifamily inventory, and enduring renter demand. The property offers a compelling combination of immediate value-add potential and long-term development upside. Several vacant units allow investors to implement a renovation program and capture top-of-market rents, while the oversized 1.25-acre site creates a unique opportunity to explore additional density through ADU development. Assumptions have been made related to the potential income of the vacant units in the income details section. The existing recreation room may present a conversion opportunity under California housing legislation, including SB 1211, and the substantial excess land area may support additional ground-up ADUs, subject to buyer verification. Importantly, the electrical sub-panels were upgraded in 2025, reducing near-term capital expenditure needs and enhancing the property's readiness for future improvements. Located in the highly sought-after Granada Hills community, the property benefits from outstanding regional connectivity with convenient access to both the 118 and 405 Freeways, providing direct links to major employment centers throughout the San Fernando Valley and greater Los Angeles. Residents are drawn to the area's strong quality of life, established residential character, and highly regarded educational offerings, including proximity to Granada Hills Charter High School, one of California's most recognized public charter schools. The surrounding neighborhood is anchored by major retail destinations such as Balboa Mission Center and Granada Village, offering residents convenient access to a wide range of shopping, dining, and everyday services.

10625 Petit Avenue, Granada Hills
$614,000
2 Beds ⋅ 3 Baths ⋅ 226002465 MLS ⋅ Active Under Contract Status
Welcome to your new home with unobstructed panoramic views across the San Fernando Valley from Burbank to Woodland Hills. Views span across the valley to the Sepulveda Pass! Get ready for an amazing 4-hour fireworks show every 4th of July from your brand new balcony! This 2-bedroom, 3-bathroom home has been thoughtfully updated to offer a modern, comfortable living experience. The kitchen has been remodeled, adding a large center island, quartz counters, an under-counter microwave drawer, pull-out cabinet drawers, and soft-close hinges. Recent updates include the central heating and AC, tankless water heater, dual-pane windows, and dual-pane sliders on the south side of the home. The south-facing balcony offers magnificent city lights and mountain views, and the family room opens to a quiet, private courtyard patio. Located in a gated community, this home provides easy access to the 118 and 405 freeways. Residents also benefit from community amenities, including gated access, a pool, spa, and tennis courts. This property blends suburban tranquility with urban convenience, making it an ideal place to call home.

15652 Hillview Lane Unit 17, Granada Hills

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.