8556 Newcastle Avenue, Northridge, CA 91325

$2,499,000 Asking Price

12 beds
12 baths
6,470  sqft
Built in 2018

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.


Features & Amenities

Interior

General:
Walk-In Closet(s)
Appliances:
Dishwasher,Disposal,Refrigerator
Laundry:
Inside,Laundry Room
Flooring:
Vinyl
A/C:
true, Central Air
Heating:
true, Central
Fireplace:
None

Exterior

General:
Guest House
Style:
Modern
Other Structures:
Guest House
Pool:
None
Parking:
Controlled Entrance,Door-Multi,Electric Gate,Garage,Gated,Private, Parking spaces: 8

Construction

Roofing:
Composition,Shingle
General:
2

Location

Originating MLS:
CRMLS
County:
Los Angeles

Lot

Zoning:
LARA, 2787004011
View:
Park/Greenbelt, View

Financial

Source:
CRMLS

This listing courtesy of:
Keller Williams Realty Calabasas, Alex Galuz

About Northridge, CA

Housing

Number of Units
23,220
Median Home Value
$680,088
Median Rent
$1,613

54.05% of housing units are renter occupied.

5.71% are vacant.

Commute

Car
62.71%
Public Transportation
2.62%
Walk to Work
3.99%
Work from Home
28.25%
Other
1.62%

The median travel time to work is 24 minutes.

People

Population
66,258
Median Age
37.40
Median Household Size
3.01

Education

High School
18.01%
Associate’s Degree
8.29%
Bachelor’s Degree
27.40%
Graduate Degree
13.13%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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