Listing by: Jhon Cordova, House Of Seven Gables Real Estate Inc.

5 Beds

3 Baths

1,788 SqFt

Active

Located at 8857 Penfield Avenue, Northridge, this property presents an enticing opportunity for rental income and versatility Nestled in the vibrant neighborhood of Northridge, this property offers an exciting investment opportunity for those looking to tap into the thriving rental market. This property, rented out by individual rooms, presents a unique and lucrative income stream for savvy investors. a charming residence designed for both comfort and potential rental income. Positioned at the end of a peaceful cul-de-sac, this property promises a serene living environment with the added advantage of a highly sought-after location. This delightful home showcases four spacious bedrooms and two bathrooms and an unpermitted 3rd bathroom across a generous 1,392 sqft of living space in the main house. The interior is graced with an open floor plan that seamlessly unites the living, dining, and kitchen areas, creating an inviting space for gatherings and everyday living. Large windows throughout ensure the space is bathed in natural light, enhancing the sense of warmth and openness. With its rooms already rented out and a promising upside rental potential, this property presents a compelling investment prospect. Whether you're an experienced investor or a newcomer to the real estate market, this property offers the chance to capitalize on Northridge's burgeoning rental demand and secure a steady stream of income for years to come. An additional highlight of this property is the converted garage into an Accessory Dwelling Unit (ADU), close to 400 sqft of living space, further enhancing its rental potential. The ADU offers an independent living space with its own amenities with its own bedroom and bathroom adding value and versatility to the property. This feature not only increases rental income but also expands the pool of potential tenants, appealing to individuals seeking a separate living arrangement or additional space. Outdoor lovers will be thrilled with the private backyard, featuring a swimming pool perfect for California’s sunny days and leisurely weekend relaxation. The property also benefits from ample parking space, catering to both residents and guests alike. This property also features Paid-off Solar Panels (about $50,000 value) Situated in the vibrant neighborhood of Northridge, residents will enjoy proximity to a variety of amenities, schools, and recreational areas, making it an ideal location for families.

Property Details
Price $929,999
Bedrooms 5
Full Baths 3
Total Baths 3
Lot Size Area 8395
Lot Size Area Units Square Feet
Acres 0.1927
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family Residence
Stories 1
Year Built 1956
View Neighborhood
Roof Shingle
Heating Central
Foundation Slab
Lot Description Cul-De-Sac
Laundry Features In Carport
Pool features Private,In Ground
Parking Description Converted Garage,Driveway - Combination,Electric Vehicle Charging Station(s)
Parking Spaces 0
Garage spaces 0
Association Fee 0
Geographic Data
Directions Please use google map
County Los Angeles
Latitude 34.231498
Longitude -118.569007
Market Area NR - Northridge
Address Information
Address 8857 Penfield Avenue, Northridge, CA 91324
Postal Code 91324
City Northridge
State CA
Country United States
Listing Information
Listing Office House Of Seven Gables Real Estate Inc.
Listing Agent Jhon Cordova
Buyer Agency Compensation 2.000
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
School Information
District Los Angeles Unified
MLS Information
Days on market 2
MLS Status Active
Listing Date Apr 25, 2024
Listing Last Modified Apr 27, 2024
Tax ID 2782033010
MLS Area NR - Northridge
MLS # SR24082273

This information is believed to be accurate, but without any warranty.
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