$3,900,000
$290K PRICE DROP

8421 Lindley Ave Los Angeles, CA 91325

Northridge Neighborhood

Estimated payment $24,679/month

Total Views 10,325
13 Beds
11 Baths
14,858 Sq Ft
$262 Price per Sq Ft

Highlights

  • Primary Bedroom Suite
  • Living Room with Attached Deck
  • Courtyard Views
  • Valley Academy of Arts & Sciences Rated A-
  • No HOA
  • Living Room Balcony

About This Home

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 as 3 units are currently vacant and 2 additional units can be delivered vacant at COE. A great opportunity to renovate and increase rents to FMV.

Listing Agent

Simon Mills

Mills Realty of California Brokerage Phone: 818-763-4462 License #01309436 Listed on: 10/25/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.31 Acre Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Paved or Partially Paved Lot
  • Sprinkler System

Home Design

  • Apartment
  • Entry on the 1st floor
  • Tar and Gravel Roof
  • Stucco

Interior Spaces

  • 14,858 Sq Ft Home
  • 2-Story Property
  • Living Room with Attached Deck
  • Courtyard Views
  • Fire and Smoke Detector
  • Free-Standing Range
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 13 Bedrooms
  • Primary Bedroom Suite
  • 11 Bathrooms

Parking

  • 16 Parking Spaces
  • 16 Carport Spaces
  • Parking Available

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Radiant Heating System
  • Standard Electricity
  • Water Heater

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 28912
  • Assessor Parcel Number 2786012057
  • $2,520 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 17 Units

Building Details

  • 13 Leased Units
  • Rent Control
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $64,116
  • Gross Income $211,748
  • Net Operating Income $147,632

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 229412
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Resident Manager, Smoke Detector(s)
  • View: Yes
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2786012057
  • Year Built: 1965
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Living Room Balcony, Living Room Deck Attached, Unfurnished
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 262.48
  • Room Type: Kitchen, Living Room, Primary Suite

Exterior Features

  • Exterior Features: Lighting, Rain Gutters
  • View: Courtyard
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Tar/Gravel
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 16.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 16.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Water Heater
  • Electric: Standard
  • Heating Type: Electric, Radiant
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Paved, Sprinkler System
  • Lot Size Sq Ft: 13654.00
  • Lot Size Acres: 0.3135

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Average Studio Area: 500 Square Feet
  • Gross Income: 211748.00
  • Gross Scheduled Income: 211748.00
  • Lot Size Area: 13654.0000 Square Feet
  • Net Operating Income: 147632.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 13
  • Number Of Units Total: 17
  • Operating Expense: 64116.00
  • Rent Control: Yes
  • Total Actual Rent: 283105.00
  • Total Expenses: 64116.00

Tax Info

  • Tax Census Tract: 1154.03
  • Tax Lot: 13
  • Tax Tract Number: 28912
  • TaxOtherAnnualAssessmentAmount: 2520.00

Map

Range of Values:

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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 Change Sq Ft Price
07/09/2025 07/09/25 Price Changed $3,900,000 -6.9% $262 / Sq Ft
10/25/2024 10/25/24 For Sale $4,190,000 -- $282 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24153299

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 91325 Northridge

8421 Lindley Ave, Los Angeles, CA

This home is located at 8421 Lindley Ave, Los Angeles, CA 91325 and is currently priced at $3,900,000, approximately $262 per square foot. This property was built in 1965. 8421 Lindley Ave is a home located in Los Angeles County with nearby schools including Cantara Street Elementary School, Northridge Middle School, and Northridge Academy High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Simon Mills
Listing Agent
Simon Mills
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Mills Realty of California
(747) 207-4938