8400 Amigo Avenue,  Northridge CA, 91324 (Residential Income)

10,728 sqft
Status: Sold
MLS#: 16137366
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Last Updated: 12/9/2016 2:47 AM
Description for 8400 Amigo Avenue Northridge, CA 91324
The subject property is a well maintained, twelve unit apartment building located in the solid rental market of Northridge. Built in 1959, the property is subject to rent control. There is an excellent unit mix of four one bedroom/one -bath units, five one-bedroom/one-bath units, and three three-bedroom/two-bath units. Residents of the property enjoy being about one mile from Cal State University, Northridge, less than one mile from theNorthridge MetroLink Station as well the close proximity to The Northridge Fashion Center. Coupled with a nicely amenitized property, residents and prospective tenants are attracted to the easy access to public transportation, employment and education opportunities as well of plenty of shopping, dining, and entertainment nearby. Investors should view this as an excellent opportunity to own a well located apartment building, which has had some nice capital improvements and still has significant upside in the rents as units turn.
Price
Sold Price:
$2,400,000
Sold Date:11/01/2016
Los Angeles
10,728 (approx)
16137366
Closed
Description
The subject property is a well maintained, twelve unit apartment building located in the solid rental market of Northridge. Built in 1959, the property is subject to rent control. There is an excellent unit mix of four one bedroom/one -bath units, five one-bedroom/one-bath units, and three three-bedroom/two-bath units. Residents of the property enjoy being about one mile from Cal State University, Northridge, less than one mile from theNorthridge MetroLink Station as well the close proximity to The Northridge Fashion Center. Coupled with a nicely amenitized property, residents and prospective tenants are attracted to the easy access to public transportation, employment and education opportunities as well of plenty of shopping, dining, and entertainment nearby. Investors should view this as an excellent opportunity to own a well located apartment building, which has had some nice capital improvements and still has significant upside in the rents as units turn.
Listing Information
Property Type: Cluster, Other
0.36 Acres 1,571,500 sq.ft. 10,728 (approx)
$223.71 1959
12 Total
Neighborhood
Room Information
Common
Exterior / Lot Features
12 Parking Spaces, Covered
Pool
LAR3
Community Features
Community Pool
Driving Directions
From Reseda Blvd., turn West on Chase St. and turn South on Amigo Ave. Property on East side of Amigo Ave.
Financial Considerations
2785018043
,$75,854
Listing Price History

Northridge Real Estate

Northridge is located in California. Northridge, California 91324 has a population of 61,480.

The median household income in Northridge, California 91324 is $40,654. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Northridge 91324 is 29.9 years.

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Courtesy: Marcus & Millichap Brett Sanson
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