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    8449 Amigo Avenue

    Northridge, CA 91324
    • $1,515,000
    • STATUS: Pending
    • ON SITE: 123 days
    • MLS #: SR21008828
    Pending
    UPDATED: 32 min ago
    $1,515,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,156
      SQFT
    • $294
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    We are proud to offer for sale for the first time in 26 years, Amigo Flats. Located at 8449 Amigo Avenue, Amigo Flats is a tranquil 7-unit garden-style multifamily complex built in 1959 located in Northridge, CA. The building is 2 stories and construction is of wood frame with a pitched roof and painted stucco exterior. The asset is +/- 5,156 building square feet on a +/- 7,630 square foot lot zoned LAR3.The apartment units are spacious and consist of 7one-bedroom/one-bath units. Unit #3 features a large backyard. Fourof the 7 units have been renovated.Common area amenities include partialcovered/ garageparkingand a laundry room. Unit amenities include air conditioning, forced air heating, stove,plenty ofcloset space,semi privatebalconies/ patios,and in select unitsnew flooring andcounter tops.The building is accessible in the front of the property off Amigo Ave. and offers 10 parking spaces.Capital improvements include soft story retrofit completion, installation of a new water heater, electrical panel and garage doors.With many units at belowmarket rents amidst a thriving rental market, 8449 Amigo Ave offers astute investors significant rental upside potential of roughly 24.63%.Debt options remain strong for those seeking a loan. The offering includes a rate quoted for40% downat 3.5% interest rate fixed for5 years.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T07:38:28.117. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CARLILE Realty & Lending. Licensed in the State of California, USA.
    www.carlilerealty.com/homes/113284492
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    8449 Amigo Avenue Northridge, CA 91324

    • Price: $1,515,000
    • Status: Pending
    • Updated: 32 min ago
    • MLS #: SR21008828
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,156
    SQFT
    $294
    $/SQFT
    1959
    Built
    Neighborhood:
    NR - Northridge
    County:
    Los Angeles
    Area:
    NR - Northridge
    Property Description
    We are proud to offer for sale for the first time in 26 years, Amigo Flats. Located at 8449 Amigo Avenue, Amigo Flats is a tranquil 7-unit garden-style multifamily complex built in 1959 located in Northridge, CA. The building is 2 stories and construction is of wood frame with a pitched roof and painted stucco exterior. The asset is +/- 5,156 building square feet on a +/- 7,630 square foot lot zoned LAR3.The apartment units are spacious and consist of 7one-bedroom/one-bath units. Unit #3 features a large backyard. Fourof the 7 units have been renovated.Common area amenities include partialcovered/ garageparkingand a laundry room. Unit amenities include air conditioning, forced air heating, stove,plenty ofcloset space,semi privatebalconies/ patios,and in select unitsnew flooring andcounter tops.The building is accessible in the front of the property off Amigo Ave. and offers 10 parking spaces.Capital improvements include soft story retrofit completion, installation of a new water heater, electrical panel and garage doors.With many units at belowmarket rents amidst a thriving rental market, 8449 Amigo Ave offers astute investors significant rental upside potential of roughly 24.63%.Debt options remain strong for those seeking a loan. The offering includes a rate quoted for40% downat 3.5% interest rate fixed for5 years.
    Exterior Features

    Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 0 Parking Features CoveredGarage Faces FrontGarageOne SpaceUncovered Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Heating Forced Air Heating YN Yes

    Property Features

    Additional Parcels YN No Common Interest None Community Features BikingDog ParkHikingSuburban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 109703 Gross Scheduled Income 109703 Insurance Expense 2578 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalContractSubmit Net Operating Income 63042 New Construction YN No New Taxes Expense 18938 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 10 Operating Expense 43370 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 2461 Water Sewer Expense 0 Water Source Public Zoning Lar3

    Listing provided courtesy of Raymond Rodriguez of Keller Williams Realty Calabasas


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T07:38:28.117. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CARLILE Realty & Lending. Licensed in the State of California, USA.
     
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    CARLILE Realty & Lending
    1860 Howe Avenue, Suite 100
    Sacramento CA, 95825