$1,995,000
A rare opportunity to own a fully permitted four unit property in the heart of Northridge, offering exceptional cash flow, quality construction, and long term upside. Situated on a quiet residential street, this property spans an expansive, flat, approximately 12,289 square foot lot and features four thoughtfully designed units on a single APN. The front residence was completely renovated in 2019 and offers approximately 2,172 square feet with 3 bedrooms, 2 bathrooms, and a large private backyard, making it an ideal owner user residence or premium rental. Tucked behind the front home are three additional units consisting of a spacious 2 bedroom, 2 bathroom residence of approximately 1,156 square feet and two studio units of approximately 370 square feet each, all newly constructed in 2020. The property is further enhanced by owned, fully paid off solar, providing long term energy savings and added value. Additional highlights include a large circular driveway, ample street parking, expansive backyard and common areas, and an on site security camera system. Currently fully occupied, the property has been owned, maintained, and developed by a seasoned builder with an established track record of constructing high quality four unit properties throughout the San Fernando Valley. Conveniently located near highly rated schools, shopping, dining, and everyday amenities, this is a rare investment opportunity in one of Northridge's most desirable residential neighborhoods.
SR26139389
MLS
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Active Under Contract
Status
10228 Encino Avenue, Northridge