Active

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 : Residential Income

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 Bedrooms: 66

    Bathroom Information

    Total Baths: 66 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Refrigerator
  • Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1973 Building Area Total: 39,255
  • Security Features

    Fire Detection System,Security Gate,Gated Community,Key Card Entry,Smoke Detector(s)
  • Pool Features

    In Ground,Association

    Patio And Porch

    Deck,Open,Patio

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 1.2594
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 54859

  • Listing Price Information

    Original List Price: 10,500,000 Listing Contract Date: 2026-06-08
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 2684001026

  • Garage and Parking

    Garage Description: Carport,Uncovered

    Homeowners Association

    Association Amenities: Clubhouse,Pool

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: GH - Granada Hills Directions: 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. Zoning: LAR3 Source Property Type: Residential Income Area: GH - Granada Hills
  • Building and Construction

    Property Age: 53 Common Walls: 1 Common Wall Year Built Source: Vendor Enhanced Total Square Feet Living: 39255 Entry Location: Foyer Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
15708 Horace Street, Granada Hills, CA, 91344 $990,000 3 2 1,400 1,400 SqFt
11213 Haskell Avenue, Granada Hills, CA, 91344 $949,900 4 2 2,329 2,329 SqFt
15850 Kalisher Street, Granada Hills, CA, 91344 $995,000 5 4 3,327 3,327 SqFt
11130 Densmore Avenue, Granada Hills, CA, 91344 $975,000 3 2 1,245 1,245 SqFt
10844 Dempsey, Granada Hills, CA, 91344 $879,000 3 2 1,261 1,261 SqFt
15801 15803 Chatsworth, Granada Hills, CA, 91344 $1,149,000 7 4 2,224 2,224 SqFt
15801 15803 Chatsworth, Granada Hills, CA, 91344 $1,149,000 -- -- 2,224 2,224 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
10410 Danube, Granada Hills, CA, 91344 $879,500 3 2 1,402 1,402 SqFt

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ByOwner last updated this listing 06/29/2026 @ 20:38

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

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