$737,000
$736,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
8761 Corbin AVE Northridge, CA 91324
4 Beds
2 Baths
7,318 Sqft Lot
Key Details
Sold Price $737,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable - 1007242
MLS Listing ID 223001449
Sold Date 07/21/23
Bedrooms 4
Full Baths 1
Three Quarter Bath 1
HOA Y/N No
Year Built 1957
Lot Size 7,318 Sqft
Property Description
Please tell me how this amazing opportunity in the heart of Northridge can have a walk score of 67 and a bike score of 89? It is literally, and directly, across the street from a Target and Kohls anchored shopping center. What could be more walkable than that? It is a massive center with banking, restaurants, services, and a variety of retail. Answer: Always cross at a crosswalk folks. Super, super location. Who needs a car when you have Bob's Big Boy across the street?The paint might be pealing here and there, the landscaping needs attention, but just wait until you see the interior. The owner did a fantastic job updating the kitchen with appliances, cabinets, granite countertops and the floors are really, really nice, too.The home is currently occupied by tenants who may want to move upon the close of escrow, or not. It is, however, turnkey for the investor and the tenant is paying way below market rent at $2,500 monthly on a month-to-month rental agreement. The always on the money, Zillow ''Zestimates'' the rent at $4,143 per month. That is 66% upside! With the privacy of the tenant in mind, there is no lock box, no sign, and no disturbing their quite enjoyment of this fabulous Corbin Avenue home. We have included photos to highlight just how well-kept this property is. We have attached the current termite report, natural hazards report, preliminary title report, available permits, certificate of occupancy (LADBS), water conservation retrofit report, lead based paint report and remediation and, of utmost importance, a complete property inspection report from the highly respected and well know LaRocca Inspection Associates. The property is being sold in as-is, where-is condition and the buyer is to be responsible for termite clearance and retrofit items, if required and desired by purchaser or their lender.The roof is pitched composite, foundation is raised, garage is a separate structure, and there is RV type parking enclosed between the alley and backyard which is gated and fenced and features a large, concrete patio with adjacent covered porch. This is an amazing opportunity for first time home buyers or seasoned investors. It is not perfect, what is? However, it has been professionally maintained by an experienced investor/owner who clearly cares about a tenant's well-being and enjoyment. It is a fabulous starting point. The property is not going to be delivered vacant and will be subject to the tenant's rights per the month-to-month rental agreements. It is important to note that there are provisions that allow for an owner to gain possession of a property for their own occupancy or for a family member. Also, the property is NOT subject to Los Angeles Rent Stabilization Ordinance (rent control). There are variables (such as how many units the landlord owns) that impact the methodology for removing a tenant. Each buyer's situation may be unique, and they should do their own investigation. Also occupied and listed for sale, 16256 Horace, Granada Hills $746,000 and 16136 Devonshire, Granada Hills $694,000.
Location
State CA
County Los Angeles
Area Nr - Northridge
Zoning LARS
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Forced Air, Natural Gas
Flooring Laminate
Fireplaces Type Family Room
Fireplace Yes
Appliance Microwave
Laundry Inside
Exterior
Garage Boat, Door-Single, Garage, RV Gated, RV Access/Parking
Garage Spaces 2.0
Garage Description 2.0
Fence Block
View Y/N No
Roof Type Composition
Porch Concrete, Covered
Parking Type Boat, Door-Single, Garage, RV Gated, RV Access/Parking
Attached Garage No
Total Parking Spaces 2
Private Pool No
Building
Lot Description Sprinkler System
Faces East
Story 1
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories One
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 2782022001
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Bryn Schneider • Compass