8857 Penfield Avenue
Northridge, CA 91324
- 5 beds
- 3 baths
- 1,788 sqft
- 8,395 sqft lot
- $520 per sqft
- 1956 build
- – on site
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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Last updated Apr 27, 2024
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MLS# SR24082273 —
This home is listed in more than one place. See it here.
Monthly cost estimate
Asking price
$929,999
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,979
|
| Taxes | N/A |
| Insurance | $255 |
| Utilities | $165 See report |
| Total | $5,399/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/25/24
Apr 25, 2024
|
Listed / Active | CRMLS_CA | $929,999 | 95.8% (9.9% / YR) |
|
9/16/23
Sep 16, 2023
|
Listed / Active | BRIDGE | ||
|
8/26/14
Aug 26, 2014
|
CRMLS_CA | $475,000 | 23.4% (15.1% / YR) |
51% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $43k above asking price on average, but some went as high as $350k over asking price.