NOT LISTED FOR SALE

8400 Amigo Ave Northridge, CA 91324

23 Beds
15 Baths
10,728 Sq Ft
0.36 Acres

Last Sold November 01, 2016

Last sale price $2,400,000 $224 Per Sq Ft

83 Days on Market

About This Home

As of November 2016

The subject property is a well maintained, twelve unit apartment building located in the solid rental market of Northridge. Built in 1959, the property is subject to rent control. There is an excellent unit mix of four one bedroom/one -bath units, five one-bedroom/one-bath units, and three three-bedroom/two-bath units. Residents of the property enjoy being about one mile from Cal State University, Northridge, less than one mile from theNorthridge MetroLink Station as well the close proximity to The Northridge Fashion Center. Coupled with a nicely amenitized property, residents and prospective tenants are attracted to the easy access to public transportation, employment and education opportunities as well of plenty of shopping, dining, and entertainment nearby. Investors should view this as an excellent opportunity to own a well located apartment building, which has had some nice capital improvements and still has significant upside in the rents as units turn.

Last Agent to Sell the Property

Brett Sanson

Marcus & Millichap License #01387480 Listed on: 06/22/2016

Co-Listed By

Amir (Adrian) Soumeeh

Berkshire Hathaway HomeServices California Propert License #01964977

Last Buyer's Agent

Brett Sanson

Marcus & Millichap License #01387480 Listed on: 06/22/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.36 Acre Lot

Interior Spaces

  • 10,728 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 23 Bedrooms
  • 15 Bathrooms

Parking

  • 12 Parking Spaces
  • 12 Covered Spaces
  • Covered Parking

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2785-018-043

Community Details

Recreation

  • Community Pool

Additional Features

  • 12 Units
  • Laundry Facilities
  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 10728
  • Stories: 2
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 23
  • Laundry: Community
  • Total Bathrooms: 15.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 228.37

Exterior Features

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

Garage/Parking

  • Covered Parking: 12
  • Parking Garage: Covered Parking
  • Total Parking: 12

Utilities

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

Association/Amenities

  • Amenities: Pool

Lot Info

  • Assessed Improvement Value: 1121978
  • Assessed Land Value: 735915
  • Assessor Parcel Number: 2785-018-043
  • Geocode Override: No
  • Lot Size Area: 15715

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.91
  • Number Of Units: 12
  • Rent Control: 100%
  • Type Of Units: Flat

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2016 11/01/16 Sold $2,400,000 -2.0% $224 / Sq Ft
09/13/2016 09/13/16 Pending -- -- --
06/22/2016 06/22/16 For Sale $2,450,000 -- $228 / 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 $35,013 $2,785,399 $1,114,159 $1,671,240
2024 $35,013 $2,730,784 $1,092,313 $1,638,471
2023 $34,363 $2,677,241 $1,070,896 $1,606,345
2022 $32,828 $2,624,748 $1,049,899 $1,574,849
2021 $32,396 $2,573,283 $1,029,313 $1,543,970
2019 $31,465 $2,498,630 $998,784 $1,499,846
2018 $31,116 $2,449,670 $979,200 $1,470,470
2016 $24,072 $1,886,225 $747,137 $1,139,088
2015 $23,737 $1,857,893 $735,915 $1,121,978
2014 $16,355 $1,203,940 $819,704 $384,236
Source: Public Records

Agents Affiliated with this Home

  • Brett Sanson

    Seller's Agent in 2016

    Brett Sanson

    Marcus & Millichap

    (818) 212-2700

    2 in this area

    23 Total Sales

    Brett Sanson
    Section Image

  • A

    Seller Co-Listing Agent in 2016

    Amir (Adrian) Soumeeh

    Berkshire Hathaway HomeServices California Propert

    Section Image
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Map

Source: The MLS

MLS Number: 16-137366

The MLS

APN: 2785-018-043

California Los Angeles County Northridge 91324

8400 Amigo Ave, Northridge, CA

Not Listed for Sale

MultiFamily

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