NOT LISTED FOR SALE

8357 Amigo Ave Northridge, CA 91324

Estimated Value: $1,244,000 - $1,690,000

8 Beds
4 Baths
3,816 Sq Ft
$386/Sq Ft Est. Value

Last Sold June 12, 2017

Last sale price $970,000 $254 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $8,865/month

34 Days on Market

About This Home

As of June 2017

We are pleased to present the new 4-unit apartment complex located at 8357 Amigo Ave, Northridge. The property has an incredible unit mix of all 2+1 units with over 23% upside in rents. The building offers parking for the tenants (no tuck under) and a pitched roof for less maintenance for a new investor. Beautiful and quiet tree-lined street and yet still conveniently located near major freeways and Cal State Northridge University. The building qualifies for residential financing, so perfect for a first time Buyer! The property is fully occupied so PLEASE DO NOT DISTURB THE TENANTS!!

Last Agent to Sell the Property

Chase Simonton

RE/MAX One License #01766871 Listed on: 03/28/2017

RE/MAX One

Last Buyer's Agent

Ed Elhaderi

Keller Williams Beverly Hills License #00842023

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,906 Sq Ft Lot

Home Design

  • 3,816 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • Uncovered Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2785-018-046

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3816
  • Year Built: 1960
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 260.74

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 5

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 187104
  • Assessed Land Value: 96300
  • Assessor Parcel Number: 2785-018-046
  • Geocode Override: No
  • Lot Size Area: 7906

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.35
  • Number Of Units: 4
  • Type Of Units: 2+1, 1+1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2017
Closed on
May 12, 2017
Sold by
Alcantara Jose
Bought by
The Eshak Family Trust
Seller's Agent
Chase Simonton
RE/MAX One
Buyer's Agent
Ed Elhaderi
Keller Williams Beverly Hills
List Price
$995,000
Sold Price
$970,000
Premium/Discount to List
-$25,000
-2.51%
Current Estimated Value
$1,473,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$503,969
Avg. Annual Appreciation
4.99%

Purchase Details

Closed on
Mar 30, 2001
Sold by
Alcantara Jose
Bought by
Alcantara Jose and Alcantara Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
7.19%

Purchase Details

Closed on
May 8, 1997
Sold by
Gmuer Albert
Bought by
Alcantara Jose and Alcantara Hugo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,200
Interest Rate
7.91%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Eshak Family Trust $970,000 North American Title Company
Alcantara Jose -- Fidelity National Title Co
Alcantara Jose $206,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alcantara Jose $238,000
Previous Owner Alcantara Jose $144,200
Closed Alcantara Jose $30,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2017 06/12/17 Sold $970,000 -2.5% $254 / Sq Ft
05/01/2017 05/01/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $995,000 -- $261 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,881 $1,125,761 $394,595 $731,166
2024 $13,881 $1,103,688 $386,858 $716,830
2023 $13,619 $1,082,048 $379,273 $702,775
2022 $12,996 $1,060,833 $371,837 $688,996
2021 $12,826 $1,040,034 $364,547 $675,487
2019 $12,449 $1,009,188 $353,736 $655,452
2018 $12,313 $989,400 $346,800 $642,600
2016 $3,797 $283,404 $96,300 $187,104
2015 $3,746 $279,148 $94,854 $184,294
2014 $3,785 $273,680 $92,996 $180,684
Source: Public Records

Agents Affiliated with this Home

  • Chase Simonton

    Seller's Agent in 2017

    Chase Simonton

    RE/MAX

    (310) 383-5927

    3 in this area

    85 Total Sales

    Chase Simonton
    Section Image

  • E

    Buyer's Agent in 2017

    Ed Elhaderi

    Keller Williams Beverly Hills

    (310) 482-2500

    Ed Elhaderi
    Section Image
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Map

Source: The MLS

MLS Number: 17-215528

The MLS

APN: 2785-018-046

California Los Angeles County Northridge 91324

8357 Amigo Ave, Northridge, CA

Not Listed for Sale

MultiFamily

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