Listing and Selling Homes Since 1999!
Address
8449 Amigo Avenue Northridge, CA
Price
$ 1,515,000
Property Attributes
  • MLS#SR21008828
  • TypeContingent
  • CountyLOS ANGELES
  • CityNorthridge
  • AreaNorthridge
  • Zip91324
  • Style
  • Price$ 1,515,000
  • Bedrooms7
  • Full Bathrooms7
  • Half Bathrooms0
  • Lot Size7,841 SqFt
Listing Provided Courtesy Of:
Raymond Rodriguez with Keller Williams Realty Calabasas.
Data Source:
CRMLS
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.

Price History
1/15/2021 Listed $1,515,000

General Features

Community Features Biking, Dog Park, Hiking, Suburban
Cooling Wall/Window Unit(s)
Garage Spaces 10
Garage Y/N Yes
Heating Forced Air
MLS Area NR - Northridge
Parking Features Covered, Garage Faces Front, Garage, One Space, Uncovered
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Terms Cash, Cash to New Loan, Conventional, Contract, Submit
Total Units 7
Zoning LAR3

Interior Features

Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Heating Y/N Yes
Laundry Features Common Area

Exterior Features

Lot Features 0-1 Unit/Acre
Lot Size Acres 0.18
Lot Size Area 7630
Lot Size Source Assessor
Lot Size Square Feet 7630
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Gas Meters 10
Number of Separate Water Meters 10
Total Parking 10
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91324

Price
AVG $1.14M
$1.52M
Visits
AVG 43
23
Year Built
AVG 1983
1959
Walkscore
AVG 61
92
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.