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    8449 Amigo Avenue

    Northridge, CA 91324
    • $1,515,000
    • STATUS: Active Under Contract
    • ON SITE: 91 days
    • ID#: SR21008828
    Under Contract
    UPDATED: 16 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 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.
    www.thepayabgroup.com/homes/113283646
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    8449 Amigo Avenue Northridge, CA 91324

    • Price: $1,515,000
    • Status: Active Under Contract
    • Updated: 16 min ago
    • ID#: 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 Lot Size Area 7630.0000 Parking Features CoveredGarageGarage Faces FrontParking SpaceUncovered Parking Total 10.00 Parking YN Yes

    Interior Features

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

    Property Features

    Additional Parcels YN No Community Features BikingDog ParkHikingSuburban Electric Expense 0.00 Fuel Expense 0.00 Gross Income 109703.00 Gross Scheduled Income 109703.00 Insurance Expense 2578.00 Land Lease YN No Net Operating Income 63042.00 New Construction YN No New Taxes Expense 18938.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 10 Operating Expense 43370.00 Pool Features None Pool Private YN No Professional Management Expense 0.00 Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 43370.00 Trash Expense 2461.00 Water Sewer Expense 0.00 Water Source Public Zoning Lar3

    Listing provided courtesy of Raymond Rodriguez, CA DRE# , of Keller Williams Realty Calabasas.


    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.
     
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    The Payab Group/Berkshire Hathaway HomeServices California Properties
    16810 Ventura Blvd.
    Encino CA, 91436