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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0BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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5,156SQFT
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$294$/SQFT
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.
Based on information from CRISNet MLS as of 2021-04-16T12:56:20.497. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
Based on information from the i-Tech MLS as of 2021-04-16T12:56:20.497. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.