Ignite FB Tracking Pixel8556 Newcastle Avenue, Northridge, CA 91325 - Nicole Grey
Pinnacle Estate Properties, Inc.
Nicole Grey, Pinnacle Estate Properties, Inc.Phone: (818) 469-5007
Email: [email protected]
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listing
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Single FamilyPending
$2,499,000
8556 Newcastle Avenue
Northridge, CA 91325
Listed by Alex Galuz DRE#01291486 [email protected] Keller Williams Realty Calabasas
MLS: California Regional MLS (CRMLS)
12Beds
12Baths
6,470Sq Ft
Est. Mortgage
$12,999/mo

Incredible new build - 11 bedroom - 11 bath main residence plus studio guest house with bath and kitchenette. Built in 2019 for the special purpose use of elderly care, it is now being used as a sober living facility. The tenant is on a month to month lease but would love to stay and pay. Current rent is $13,500 plus NNN . This makes the asset a 6.5 Cap rate day one with no owner responsibilities ! This would also make for a lovely multi- generational family home. All rooms have private baths and closets and the yard is huge with beautiful grounds including nice patio , a large full sports court and expansive fire pit area with lawn. This private home is gated and sits on a cul-de-sac. Wonderful kitchen area with large pantry and a private laundry room. Potential uses include: primary residence, student housing, fraternity/sorority house, elderly care/assisted living, nursing care, hospice care, sober living.

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Information courtesy of Keller Williams Realty Calabasas is subject to verification and is not guaranteed.
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