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John Francis O'Brien

johnfob@me.com +1(856) 287-3059

$ 10,500,000

Est. payment -/mo

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Active

10625 Petit Ave Granada Hills, CA 91344

66 Beds

66 Baths

39,255 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 39,255 sqft

Price per Sqft $267

MLS Listing ID 26849827

Style Contemporary

Bedrooms 66

Year Built 1973

Lot Size 1.259 Acres

Acres 1.2594

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Granada Hills

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Window Unit(s), Wall Unit(s)

Equipment Range/Oven, Refrigerator, Water Line to Refrigerator

Laundry Laundry Area

Exterior

Parking Features Carport, Uncovered

Garage Spaces 88.0

Pool In Ground

Amenities Available Clubhouse, Pool

Building

Lot Description Curbs, Front Yard, Exterior Security Lights, Automatic Gate, Landscaped

Story 2

Architectural Style Contemporary

Level or Stories Two

Schools

School District Los Angeles Unified

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Maher Commercial Realty

John Francis O'Brien

+1(856) 287-3059

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John Francis O'Brien

10625 Petit Ave Granada Hills, CA 91344

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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10625 Petit Ave