NOT LISTED FOR SALE

8403 Lindley Ave Northridge, CA 91325

5 Beds
5 Baths
2,925 Sq Ft
6,621 Sq Ft Lot

Last Sold January 30, 2014

Last sale price $665,000 $227 Per Sq Ft

56 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Wood Fence
  • Cantara Street Elementary School Rated 9+
  • Laundry Room
  • Wall Furnace

About This Home

As of January 2014

Very Clean low maintenance building, Tile and Laminated hardwood floor, Near Cal State University Northridge, Copper Plumbing, Newly roof, Very good Tenant, interior inspection after accepted offer.

Last Agent to Sell the Property

Mehrzad Maknouni

Real Estate Source, Inc. License #01403935 Listed on: 11/19/2013

Last Buyer's Agent

Genaro Robles

RBS Realty License #01193745

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 6,614 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wood Fence
  • Chain Link Fence
  • Brick Fence
  • Front Yard

Home Design

  • 2,925 Sq Ft Home
  • Property Attached
  • Flat Roof Shape
  • Shake Roof
  • Tar and Gravel Roof
  • Stucco

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • Parking Available
  • Parking Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater
  • Sewer Paid

Additional Features

  • Gas Cooktop
  • Laundry Room

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 12
  • Tax Tract Number 63
  • Assessor Parcel Number 2786012063

Community Details

Building Details

  • 5 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Insurance Expense $1,400
  • Maintenance Expense $480
  • Trash Expense $990
  • Water Sewer Expense $2,600
  • Gross Income $4,655
  • Net Operating Income $48,490

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

6,614 Sq Ft Lot

Listing Details

  • CapRate: 6.94
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 2600.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 2786012063
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 227.35

Exterior Features

  • Fencing: Brick, Chain Link, Wood
  • Pool Private: No
  • Roof: Flat, Shake, Tar/Gravel
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Parking Space
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range, Gas Range, Gas Cooktop, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 990.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6614.00
  • Lot Size Acres: 0.1520

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 600
  • Electric Expense: 1000.00
  • Gross Income: 4655.00
  • Gross Multiplier: 12.51
  • Gross Scheduled Income: 55860.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 6614.0000 Square Feet
  • Maintenance Expense: 480.00
  • Net Operating Income: 48490.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Range: 5
  • Operating Expense: 7370.00
  • Rent Control: Yes
  • Total Actual Rent: 4575.00

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 63
  • Tax Year: 2012
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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
01/30/2014 01/30/14 Sold $665,000 -16.8% $227 / Sq Ft
01/14/2014 01/14/14 Pending -- -- --
11/19/2013 11/19/13 For Sale $799,000 -- $273 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,636 $815,187 $484,211 $330,976
2024 $10,636 $799,204 $474,717 $324,487
2023 $10,439 $783,534 $465,409 $318,125
2022 $9,974 $768,172 $456,284 $311,888
2021 $9,843 $753,111 $447,338 $305,773
2019 $9,561 $730,775 $434,071 $296,704
2018 $9,443 $716,447 $425,560 $290,887
2016 $8,981 $688,629 $409,036 $279,593
2015 $8,858 $678,286 $402,892 $275,394
2014 $8,484 $629,851 $251,940 $377,911
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR13203937

California Regional Multiple Listing Service (CRMLS)
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