$2,400,000
$2,499,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
8556 Newcastle AVE Northridge, CA 91325
12 Beds
12 Baths
6,470 SqFt
Key Details
Sold Price $2,400,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 6,470 sqft
Price per Sqft $370
MLS Listing ID 24396101
Sold Date 11/01/24
Bedrooms 12
Full Baths 12
HOA Y/N No
Year Built 2018
Lot Size 0.555 Acres
Property Description
Incredible new build - 11 bedroom - 11 bath main residence plus studio guest house with bath and kitchenette. Built in 2019 for the special purpose use of elderly care, it is now being used as a sober living facility. The tenant is on a month to month lease but would love to stay and pay. Current rent is $13,500 plus NNN . This makes the asset a 6.5 Cap rate day one with no owner responsibilities ! This would also make for a lovely multi- generational family home. All rooms have private baths and closets and the yard is huge with beautiful grounds including nice patio , a large full sports court and expansive fire pit area with lawn. This private home is gated and sits on a cul-de-sac. Wonderful kitchen area with large pantry and a private laundry room. Potential uses include: primary residence, student housing, fraternity/sorority house, elderly care/assisted living, nursing care, hospice care, sober living.
Location
State CA
County Los Angeles
Area Nr - Northridge
Zoning LARA
Rooms
Other Rooms Guest House
Interior
Interior Features Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplaces Type None
Furnishings Unfurnished
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator
Laundry Inside, Laundry Room
Exterior
Parking Features Controlled Entrance, Door-Multi, Electric Gate, Garage, Gated, Private
Garage Spaces 2.0
Garage Description 2.0
Pool None
View Y/N Yes
View Park/Greenbelt
Roof Type Composition,Shingle
Attached Garage Yes
Total Parking Spaces 8
Private Pool No
Building
Story 2
Entry Level Two
Architectural Style Modern
Level or Stories Two
Additional Building Guest House
New Construction No
Others
Senior Community No
Tax ID 2787004011
Special Listing Condition Standard
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Bought with Josh Ellis • Markus Shepherd