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8449 Amigo AVE Northridge, CA 91324
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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,156 sqft
Price per Sqft $271
MLS Listing ID SR21008828
Sold Date 05/20/21
HOA Y/N No
Year Built 1959
Lot Size 7,631 Sqft
Acres 0.1752
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 7 one-bedroom/one-bath units. Unit #3 features a large backyard. Four of the 7 units have been renovated. Common area amenities include partial covered / garage parking and a laundry room. Unit amenities include air conditioning, forced air heating, stove, plenty of closet space, semi private balconies / patios, and in select units new flooring and counter 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 below market 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 for 40% down at 3.5% interest rate fixed for 5 years.
Location
State CA
County Los Angeles
Area Nr - Northridge
Zoning LAR3
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Garage Covered, Garage Faces Front, Garage, One Space, Uncovered
Garage Spaces 10.0
Garage Description 10.0
Pool None
Community Features Biking, Dog Park, Hiking, Suburban
Parking Type Covered, Garage Faces Front, Garage, One Space, Uncovered
Total Parking Spaces 10
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2785015056
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Contract, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Hooman Emanuel • Keller Williams Studio City