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8556 Newcastle Ave Northridge, CA 91325
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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 24-396101
Sold Date 11/01/24
Style Modern
Bedrooms 12
Full Baths 12
HOA Y/N No
Year Built 2018
Lot Size 0.555 Acres
Acres 0.5552
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 Northridge
Zoning LARA
Rooms
Family Room 1
Other Rooms GuestHouse
Dining Room 1
Interior
Heating Central
Cooling Air Conditioning, Central
Flooring Vinyl
Fireplaces Type None
Equipment Dishwasher, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Solar Panels, Refrigerator, Range/Oven
Laundry Inside, Laundry Area, Room
Exterior
Garage Attached, Gated, Garage Is Attached, Garage - 2 Car, Driveway Gate, Controlled Entrance, Auto Driveway Gate, Private, Private Garage
Garage Spaces 8.0
Pool None
View Y/N Yes
View Green Belt
Roof Type Composition, Shingle
Building
Story 2
Architectural Style Modern
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with Markus Shepherd