8371 Northgate Avenue Canoga Park, CA ^$ 4,100,000

8371 Northgate Avenue

^$ 4,100,000

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8371 Northgate Avenue

Canoga Park, CA, 91304

^$ 4,100,000

Bedrooms32 Baths25.0 Sq 15,920

Monthly Estimate*

^$ 28,640

Listed by Marcus & Millichap

8371 Northgate Avenue, Canoga Park, CA 91304 - Image 1

8371 Northgate Avenue, Canoga Park, CA 91304 - Image 2

8371 Northgate Avenue, Canoga Park, CA 91304 - Image 3

8371 Northgate Avenue, Canoga Park, CA 91304 - Image 4

8371 Northgate Avenue, Canoga Park, CA 91304 - Image 5

8371 Northgate Avenue, Canoga Park, CA 91304 - Image 6

8371 Northgate Avenue, Canoga Park, CA 91304 - Image 7

Multi-Family Home for sale in Canoga Park, CA

for $4,100,000 with 32 bedrooms and 25 full baths. This 15,920 square foot home was built in 1964 on a lot size of 0.4033.

Price Reduced by $450,000. The actual rent is from the rent roll as of February, 2024. The subject property is a 22 unit apartment building located at 8371 Northgate Avenue, Canoga Park, CA 91304. The property was built in 1964 and is located north of Roscoe Boulevard and just east of Topanga Canyon Boulevard on a cul de sac. The unit mix consists of thirteen one-bedroom/one-bath units, five two-bedroom/one-bath units, one two-bedroom/one and a half-bath unit, two two-bedroom/two-bath units, and one three-bedroom/two-bath unit. The building has an interior courtyard. There is a laundry room and the laundry machines are owned by the Seller. There is an assumable loan with Luther Burbank Savings in the amount of $1,500,000, fixed at 3.80% interest only, through August 2025, then the loan adjusts. The maturity date is August 1, 2050 and the amortization is 30 years.

Multi-Family Active

Price

^$ 4,100,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.4033

Year Built

1964

Town/City

Canoga Park

County/Region

Los Angeles

MLS | Web ID

23330553

Days on Market

169

Features

General

Zoning LAR3

Year Built 1964

Stories 2

Levels Two

Gross Income 417518.0

County Los Angeles

Net Operating Income 227310.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status ActiveUnderContract

Directions Located north of Roscoe Boulevard and just east of Topanga Canyon Boulevard on a cul de sac.

City Canoga Park

View Y/N N

Senior Community Y/N N

Total Units 22

MLS Area CP - Canoga Park

Lot Size Square Feet 17567.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Northgate

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 150

Standard Status ActiveUnderContract

Cap Rate 5.54

Exterior

Parking Features Covered Uncovered

Total Parking 22.0

Lot Size Area 17567.0

Number of Buildings 1

Spa N

Building Area Total 15920.0

Lot Size Acres 0.4033

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Total Bedrooms 32

Electric On Property Y/N N

Total Baths 25

Internal Only

Street Number 1 8371

* Excluded Features

List By

Marcus & Millichap

Broker

(818) 212-2756

Phone

Affordability Calculator

$28,640

Per Month

Monthly Principal & Interest: $28,640
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Canoga Park, CA

Average List Price ^$2,718,878

Percent of Sale Price 34%

About Canoga Park, CA

75,226 Population

0% Since 2002

^$0 Median Income

0 Median Age

39% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/26/2024	$4,100,000	-9.89%	Price Down
11/11/2023	$4,550,000		Listed Price

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8371 Northgate Avenue, Canoga Park, CA, 91304 is a Multi-Family Home for sale at $4,100,000 with 15,920 sqft and a lot size of 0.4033. 8371 Northgate Avenue has 32 bedrooms, 25.0 baths, and was built in 1964. The property's zip code is 91304 which is in Canoga Park, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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8371 Northgate Avenue

Multi-Family Home for sale in Canoga Park, CA

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