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10625 Petit Avenue

Granada Hills, CA 91344
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Bed 66

Bed

Bath 0

Bath

SqFt39,255

Sqft

SqFt54,859

Sqft(Lot)

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 an d 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $10,500,000

AD Id : 85727069

MLS Id : 26849827

Beds : 66

Lot Size : 54,859 Sqft

Living Area Size : 39,255

Year Built : 1973

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 66

    Bathroom Information

    Total Baths: 66
  • Interior Features

    Appliances: Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Wall Furnace

  • Building Information

    Year Built: 1973
    Building Area Total: 39255
    Stories: 2
    Patio And Porch Features: Deck, Open, Patio
    Pool Features: In Ground, Association
    Private Pool: No

  • Lot Information

    Main Square Feet: 54859 Lot Size Acres: 1.2594 Lot Size Square Feet: 54,859 Lot Description: Front Yard,Landscaped

  • Listing Price Information

    Listing Price: $10500000

  • Tax Information

    Parcel Number: 2684001026

  • Parking Information

    Parking Total: 88 Carport, Uncovered

    Homeowners Association Information

    Association Amenities: Clubhouse, Pool
    Community Features: Gated

  • Location Information

    Direction: Located on Petit Ave between Chatsworth St and Devonshire St, directly across from Granada Hills Recreation Center (Petit Park) and the Granada Hills Branch Library. Security Features: Fire Detection System,Security Gate,Gated Community,Key Card Entry,Smoke Detector(s)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
15606 Simonds, Granada Hills, CA, 91344 $799,900 4 2 1,933 1,933 SqFt
11224 Blucher Avenue, Granada Hills, CA, 91344 $899,000 4 2 1,303 1,303 SqFt
15622 Index, Granada Hills, CA, 91344 $1,199,000 4 4 2,451 2,451 SqFt
15638 Simonds Street, Granada Hills, CA, 91344 $949,000 4 3 1,605 1,605 SqFt
15739 Chatsworth, Granada Hills, CA, 91344 $795,000 3 2 1,275 1,275 SqFt
11130 Densmore Avenue, Granada Hills, CA, 91344 $925,000 3 2 1,245 1,245 SqFt
10844 Dempsey, Granada Hills, CA, 91344 $849,000 3 2 1,261 1,261 SqFt
10527 Danube Avenue, Granada Hills, CA, 91344 $1,250,000 4 3 2,064 2,064 SqFt
10527 Danube Avenue, Granada Hills, CA, 91344 $1,250,000 -- -- 2,064 2,064 SqFt
15809 Kingsbury Street, Granada Hills, CA, 91344 $1,099,500 3 1 1,560 1,560 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/19/2026 @ 06:38

MLS: 26849827 LISTED BY: Zachary Rosen, Maher Commercial Realty 310-464-1453 SOURCE: CRMLS

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