8218 ENCINO Avenue, Northridge, CA 91325
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8218 ENCINO Avenue, Northridge, CA 91325
8218 ENCINO Avenue, Northridge, CA 91325
8218 ENCINO Avenue, Northridge, CA 91325
8218 ENCINO Avenue, Northridge, CA 91325
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Ruben Lafuente

Ruben Lafuente

+1(619) 500-2997
$ 1,549,000
Est. payment /mo
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Price Dropped by $141K

8218 ENCINO Avenue Northridge, CA 91325

7 Beds

6 Baths

3,221 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 3,221 sqft

Price per Sqft $480

MLS Listing ID SR26208348

Bedrooms 7

Full Baths 6

Year Built 1951

Lot Size 6,652 Sqft

Property Sub-Type All Other Attached

Property Description

RARE NORTHRIDGE THREE-RESIDENCE INCOME PROPERTY 3 SEPARATE ADDRESSES + APPROX. $9,800/MONTH RENTAL INCOME. Exceptional opportunity for an investor, 1031 exchange buyer, owner-user or multi-generational household. Located at 8216, 8218 and 8220 Encino Avenue, this unique property offers three separate residences totaling 7 bedrooms, 6 bathrooms and approximately 3,221 square feet of living space. The main residence at 8218 Encino Avenue features 3 bedrooms, updated interiors, laminate wood flooring, recessed lighting, central air conditioning and a remodeled kitchen with quartz countertops, center island and stainless-steel appliances. The newer 2022-built residence at 8220 Encino Avenue offers approximately 1,196 square feet with 3 bedrooms and 3 bathrooms in a bright two-story layout featuring quartz countertops, custom cabinetry and stainless-steel appliances. The third residence at 8216 Encino Avenue offers approximately 500 square feet with 1 bedroom and 1 bathroom, providing additional rental income or flexible accommodations for extended family, guests or a home office. Currently generating approximately $9,800 per month / $117,600 annually in gross rental income. Each residence has its own address, creating excellent separation and flexibility for tenants and ownership. Additional improvements include newer roofs, dual-pane windows, central air systems, tankless water heater, recessed lighting and updated landscaping. Convenient Northridge location near shopping, dining, transportation and California State University, Northridge. Turnkey income-producing real estate

Location

State CA

County Los Angeles

Zoning LAR1

Direction From Roscoe Blvd, head south on Encino Ave; the property will be on the west side of Encino Ave.

Interior

Interior Features Laminate Counters, Recessed Lighting

Heating Forced Air Unit

Cooling Central Forced Air, Dual

Flooring Laminate, Wood

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator

Exterior

View Y/N Yes

Water Access Desc Public

Total Parking Spaces 2

Building

Story 2

Sewer None, Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 2201012016

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Sonal Sojitra, DRE#01880752 Beverly and Company, Inc. 
Co-listed byNON LISTED OFFICE
Ruben Lafuente

Ruben Lafuente

Agent License ID: 01965249

+1(619) 500-2997

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8218 ENCINO Avenue