Listing by: Ashkan Manzar, Privilege Realty
7 Beds
4 Baths
3,045 SqFt
Active
Great investment opportunity! This nearly half-acre corner lot features two houses and offers great potential for expansion. You could subdivide the property and/or add more structures. The property is already generating impressive cash flow and stands out due to access, corner lot, lot shape and size. It is perfect for investors as well as owner users who want to expand their budget and live in one of the homes while using the income from the ADU to help with the qualification for a loan. The detached 3-bed/2 bath ADU was newly built in 2019. You can live in one and rent out the other, or rent out both and collect double the rental income. Total current income $7,450. There maybe a potential to build a total of 4 more units and/or go through the SB9 lot split process to divide the property into two. The property is conveniently located within walking distance to schools and dining, with easy access to the 405 freeway. Buyers should verify all information independently and not rely on the information on the MLS. The ADU is generating $3500 and the house $3950.
Property Details | ||
---|---|---|
Price | $1,449,400 | |
Bedrooms | 7 | |
Full Baths | 4 | |
Half Baths | 0 | |
Total Baths | 4 | |
Property Style | Traditional | |
Lot Size | 133x157 | |
Lot Size Area | 20731 | |
Lot Size Area Units | Square Feet | |
Acres | 0.4759 | |
Property Type | Residential | |
Sub type | SingleFamilyResidence | |
MLS Sub type | Single Family Residence | |
Stories | 1 | |
Year Built | 1950 | |
View | None | |
Heating | Central | |
Pool features | None | |
Parking Spaces | 2 | |
Geographic Data | ||
Directions | Nordhoff and Noble | |
County | Los Angeles | |
Latitude | 34.23212 | |
Longitude | -118.460747 | |
Market Area | NOH - North Hills | |
Address Information | ||
Address | 8910 Noble Avenue, North Hills, CA 91343 | |
Postal Code | 91343 | |
City | North Hills | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Privilege Realty | |
Listing Agent | Ashkan Manzar | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 21 | |
MLS Status | Active | |
Listing Date | Aug 15, 2024 | |
Listing Last Modified | Sep 5, 2024 | |
Tax ID | 2651020031 | |
MLS Area | NOH - North Hills | |
MLS # | 24428211 |
This information is believed to be accurate, but without any warranty.