Recently Listed Open House 5/11 1pm - 4pm
8857 Penfield Avenue
Northridge, CA, 91324 $ 929,999
Bedrooms5 Baths3.0 Sq 1,788 Monthly Estimate*
$ 6,496
Listed by House Of Seven Gables Real Estate Inc.
for $929,999 with 5 bedrooms and 3 full baths. This 1,788 square foot home was built in 1956 on a lot size of 0.1927.
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.
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Open House
5/11/2024 1:00 PM - 4:00 PM
8857 Penfield Avenue Northridge, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer PublicSewer
Heating Central
Cooling CentralAir
Roof Shingle
Appliances Refrigerator TanklessWaterHeater
Zoning LARS
HOA 0.0
Garage Spaces 0.0
Pool Features InGround Private
Year Built 1956
View Neighborhood
Stories 1
Levels One
Property SubType Duplex
Community Features Suburban
County Los Angeles
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Contingency None
Garage Y/N N
Green Energy Generation Solar
Special Listing Conditions Standard
Status Active
Directions Please use google map
City Northridge
Entry Location 1
View Y/N Y
Senior Community Y/N N
High School District Los Angeles Unified
Total Units 2
MLS Area NR - Northridge
Lot Size Square Feet 8395.0
Private Pool Y
Waterfront Y/N N
Carport Y/N N
Street Name Penfield
Listing Terms Conventional
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 2
Structure Type Duplex
Standard Status Active
Occupancy Description Owner
Year Built Source Assessor
Tax Lot 29
Property Sub Type Additional SingleFamilyResidence
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ExteriorParking Features ConvertedGarage Driveway ElectricVehicleChargingStations
Lot Features CulDeSac
Water Source Public
Total Parking 0.0
Lot Size Area 8395.0
Foundation Details Slab
Spa N
Lot Size Acres 0.1927
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
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InteriorFireplace Features LivingRoom
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Full Baths 3
Street Suffix Avenue
Laundry Features InCarport
Total Bedrooms 5
Entry Level 1
Electric On Property Y/N N
Main Level Bedrooms 4
Main Level Bathrooms 2
Total Baths 3
Living Area Units SquareFeet
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* Excluded FeaturesList ByHouse Of Seven Gables Real Estate Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $6,496
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
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.
Learn more about how to save NearbyMulti-family listings in Northridge, CA
Average List Price $2,604,167
Percent of Sale Price 180%
About Northridge, CA 59,094 Population
0% Since 2002
$ 0 Median Income
0 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
4003522 Elementary School
4003523 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/26/2024 | $929,999 | | Listed Price |