8421 Lindley Avenue

Northridge, CA 91325

$4,190,000
Price
4
Beds
25
Baths
14,858 Sq. Ft.
$282 / Sq. Ft.
14,858
Sq. Ft.
$282
per Sq. Ft.

Description

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 who converts the available units to furnished, rentals for travel nurses and traveling professors for triple the rent. This building is for the investor who is happy with a modest,...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 who converts the available units to furnished, rentals for travel nurses and traveling professors for triple the rent. This building is for the investor who is happy with a modest, steady income or the more adventurous investor who has a team ready to move in and give this semi-urban "diamond in the rough" the makeover she needs to shine.
  1. Listed by Simon Mills • DRE #01309436 • Brokerage DRE #01485453 • Mills Realty of California • 818-763-4462

Property Details for 8421 Lindley Avenue

View
Courtyard
Parking Spaces Total
16
Private Pool
No
Cooling Type
Wall/Window
Total Units
17.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
14858
LISTING UPDATED: 10/25/2024 09:47 AM

Property Details for 8421 Lindley Avenue

StatusActive
MLS #SR24153299
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
CountyLos Angeles County

Building Information for 8421 Lindley Avenue

Building/Complex8421 Lindley AveFloor-Stories2Residences-Pet Policy-Year Built1965Building Size-

Property Information for 8421 Lindley Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $211,748
  • Gross Scheduled Income: $211,748
  • Net Operating Income: $147,632
Expense Details
  • Operating Expense: $64,116
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $64,116
Tax / Assessment Info
  • Tax Tract Number: 28912
  • Tax Census Tract: 1154.03
  • CFD/Mello-Roos Fee: $2,520
  • Tax Lot: 13
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Appliances: Free-Standing Range, Water Heater
  • Equipment: Laundry Area
  • Interior Features: Balcony, Living Room Balcony, Living Room Deck Attached, Unfurnished
  • Room Type: Kitchen, Living Room, Primary Suite
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Electric, Radiant
  • Heat Source: Electric
  • Heating: Electric, Radiant
  • Heat Equipment: Radiant
  • Flooring: Carpet, Vinyl
Exterior Features
  • Security Features: Resident Manager, Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Lighting, Rain Gutters
  • Roof: Tar/Gravel
  • Entry Location: Front
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • View Description: Courtyard
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft, Paved, Sprinkler System
  • Number Of Units: 17
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 16
  • Parking Features: Carport
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $7,355
  • Unit Type Total Rent: $88,255
  • Unit Type Pro Forma: 131895
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $9,443
  • Unit Type Total Rent: $113,316
  • Unit Type Pro Forma: 113316
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $848
  • Unit Type Total Rent: $10,176
  • Unit Type Pro Forma: 10176
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 16
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1

Property History for 8421 Lindley Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8421 Lindley Avenue

Taxable ValueLand$509,895Additions$1,124,257Total$1,634,152
Tax Record2024$22,140 ($1,845 / month)
Home Facts
Total Finished SqFt14,858 SqFtAbove Grade Finished SqFt14,858 SqFtLot Size13,649 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLAR3CountyLOS ANGELESAPN2786-012-057

Schools near 8421 Lindley Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Cantara Street Elementary School
PublicK to 5

Northridge Middle School
Public6 to 8

Northridge Academy High
Public9 to 12

Valley Academy Of Arts And Sciences
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8421 Lindley Avenue is a multi-family home for sale in Northridge, CA 91325. This property was listed for sale on October 25, 2024 by Mills Realty of California, it's currently listed at $4,190,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Cantara Street Elementary School, Northridge Middle School and Northridge Academy High. 8421 Lindley Avenue is a 4-bed, 25-bath, 14,858 sqft multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mills Realty of California, Simon Mills, DRE #01309436

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.