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Northridge, CA 91325,8556 Newcastle AVE
Northridge, CA 91325,8556 Newcastle AVE
Northridge, CA 91325,8556 Newcastle AVE
$2,400,000
Est. payment /mo
$2,499,000
4.0%
Est.Price: ?

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12 Beds
12 Baths
6,470 SqFt
SOLD DATE : 11/01/2024

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 24396101

Bedrooms 12

Full Baths 12

Year Built 2018

Lot Size 0.555 Acres

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 Nr - Northridge

Zoning LARA

Rooms

Other Rooms Guest House

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplaces Type None

Laundry Inside, Laundry Room

Exterior

Parking Features Controlled Entrance, Door-Multi, Electric Gate, Garage, Gated, Private

Garage Spaces 2.0

Garage Description 2.0

Pool None

View Y/N Yes

View Park/Greenbelt

Roof Type Composition,Shingle

Building

Story 2

New Construction No

Others

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Alex Galuz • Keller Williams Realty Calabasas
Bought with Josh Ellis • Markus Shepherd
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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