$ 1,499,000
8910 Noble AVE North Hills, CA 91343
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Michelle Esquivel
michelle@michellehomesellingteam.com
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Michelle Esquivel
michelle@michellehomesellingteam.com$ 1,499,000
Est. payment | /mo
7 Beds
4 Baths
3,045 SqFt
$ 1,499,000
Est. payment | /mo
7 Beds
4 Baths
3,045 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,045 sqft
Price per Sqft $492
MLS Listing ID 24428589
Bedrooms 7
HOA Y/N No
Year Built 1950
Lot Size 0.476 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area Noh - North Hills
Zoning LARS
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Garage Door-Multi, Garage
Parking Type Door-Multi, Garage
Total Parking Spaces 2
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2651020031
Special Listing Condition Standard
Listed by Ashkan Manzar • Privilege Realty
michelle@michellehomesellingteam.com
515 S Myrtle Ave, Monrovia, CA, 91016, USA