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8421 Lindley Avenue

Northridge, CA 91325
  • $4,190,000
  • STATUS: Active
  • ON SITE: 181 Days
  • MLS #: SR24153299
UPDATED: 15 min ago
$4,190,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
NR - Northridge
Type:
Multi-Family
Built:
1965
County:
Los Angeles
Area:
NR - Northridge

School Ratings & Info

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Listing Agent(s): Simon Mills of Mills Realty of California (818-763-4462)


Description

This 17-unit residence is in a high-demand area conveniently located across from Northridge Middle School and Northridge Early Education Center and within walking distance of CSUN and Northridge Hospital. It is and ideal location for students, professionals, and retirees. There is tremendous potential for the investor who converts the available units to furnished, rentals for travel nurses and traveling professors for triple the rent. This building is for the investor who is happy with a modest, steady income or the more adventurous investor who has a team ready to move in and give this semi-urban "diamond in the rough" the makeover she needs to shine.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T15:36:21.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/157183509
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8421 Lindley Avenue Northridge, CA 91325

  • Price: $4,190,000
  • Status: Active
  • On Site: 181 Days
  • Updated: 15 min ago
  • MLS #: SR24153299
0
Beds
0
Baths
0
½ Baths
0.31
Acres
1965
Built
Neighborhood:
NR - Northridge
County:
Los Angeles
Area:
NR - Northridge
Property Description
This 17-unit residence is in a high-demand area conveniently located across from Northridge Middle School and Northridge Early Education Center and within walking distance of CSUN and Northridge Hospital. It is and ideal location for students, professionals, and retirees. There is tremendous potential for the investor who converts the available units to furnished, rentals for travel nurses and traveling professors for triple the rent. This building is for the investor who is happy with a modest, steady income or the more adventurous investor who has a team ready to move in and give this semi-urban "diamond in the rough" the makeover she needs to shine.
Exterior Features

Carport Spaces 16 Carport YN Yes Construction Materials Stucco Entry Level 1 Entry Location Front Exterior Features LightingRain Gutters Fencing Wrought Iron Lot Features PavedSprinkler System Number Of Separate Electric Meters 17 Parking Features Carport Parking Total 16 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Tar/Gravel Spa Features None Spa YN No View Courtyard View YN Yes

Interior Features

Accessibility Features None Appliances Free-Standing RangeWater Heater Common Walls 2+ Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating ElectricRadiant Heating YN Yes Interior Features BalconyLiving Room Deck AttachedUnfurnishedPrimary Suite

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features Suburban Disclosures Rent Control Electric Standard Garage YN No Gross Income 211748 Gross Scheduled Income 211748 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Seller Reserved Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Net Operating Income 147632 New Construction YN No Number Of Separate Gas Meters 17 Number Of Separate Water Meters 1 Number Of Units Leased 16 Operating Expense 64116 Property Sub Type Apartment Rent Control YN Yes Security Features Resident ManagerSmoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 211746 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T15:36:21.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Simon Mills of Mills Realty of California (818-763-4462)