8908 Noble Ave - Apartments FOR SALE


North Hills, CA 91343
$1,599,000 USD
877-246-1446
8908 Noble Ave, North Hills, CA for Sale
$1,599,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

8908 Noble Ave
North Hills, CA 91343


HIGHLIGHTS

  • Huge Corner Lot
  • Two Houses on One Lot (ADU Built in 2019)
  • Potential to Build Additional Units

OVERVIEW

Great investment opportunity! This nearly half-acre corner lot features two houses and offers great potential for expansion. You could subdivide the property into two (SB9) and/or add more structures with a potential to build a total of 4 more units. 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. Total current income $7,450. The ADU is generating $3500 and the house $3950. 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.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$525 USD /SF

# OF UNITS

2

PRICE/UNIT

$799,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,792 SF

ZONING

LARS

APN/PARCEL ID

2651-020-031

ASK ABOUT THIS PROPERTY

Ashkan ManzarPrivilege RealtyMore Info
877-246-1446

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Ashkan ManzarPrivilege RealtyMore Info
877-246-1446

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.