Est. cap rate

3.5%

Assumed rent, all units

$9,150/mo

Units

3

Price per unit

$516,333

Est. annual NOI

$54,900

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

7

Bathrooms

6

Building size

3,221 sqft

Lot size

6,652 sqft

Year built

1951

Stories

2

Garage spaces

0

Heating

Central

Cooling

Dual,Central Air

Pool

None

View

None

Status

Active

Days on market

14

MLS #

247429495

About this property

RARE NORTHRIDGE THREE-RESIDENCE INCOME PROPERTY — 3 SEPARATE ADDRESSES + APPROX. $9,800/MONTH RENTAL INCOME. Exceptional opportunity for an investor, 1031 exchange buyer, owner-user or multi-generational household. Located at 8216, 8218 and 8220 Encino Avenue, this unique property offers three separate residences totaling 7 bedrooms, 6 bathrooms and approximately 3,221 square feet of living space. The main residence at 8218 Encino Avenue features 3 bedrooms, updated interiors, laminate wood flooring, recessed lighting, central air conditioning and a remodeled kitchen with quartz countertops, center island and stainless-steel appliances. The newer 2022-built residence at 8220 Encino Avenue offers approximately 1,196 square feet with 3 bedrooms and 3 bathrooms in a bright two-story layout featuring quartz countertops, custom cabinetry and stainless-steel appliances. The third residence at 8216 Encino Avenue offers approximately 500 square feet with 1 bedroom and 1 bathroom, providing additional rental income or flexible accommodations for extended family, guests or a home office. Currently generating approximately $9,800 per month / $117,600 annually in gross rental income. Each residence has its own address, creating excellent separation and flexibility for tenants and ownership. Additional improvements include newer roofs, dual-pane windows, central air systems, tankless water heater, recessed lighting and updated landscaping. Convenient Northridge location near shopping, dining, transportation and California State University, Northridge. Turnkey income-producing real estate with three residences on one lot — ideal for rental income, multi-generational living or an owner-user seeking to offset housing costs.

Location

8218 ENCINO Avenue

Northridge, Los Angeles, CA, 91325