8556 Newcastle Avenue, Northridge, CA 91325

About this single-family home

Incredible new build - 11 bedroom - 11 bath main residence plus studio guest house with bath and kitchenette. Built in 2019 for the special purpose use of elderly care, it is now being used as a sober living facility. The tenant is on a month to month lease but would love to stay and pay. Current rent is $13,500 plus NNN . This makes the asset a 6.5 Cap rate day one with no owner responsibilities ! This would also make for a lovely multi- generational family home. All rooms have private baths and closets and the yard is huge with beautiful grounds including nice patio , a large full sports court and expansive fire pit area with lawn. This private home is gated and sits on a cul-de-sac. Wonderful kitchen area with large pantry and a private laundry room. Potential uses include: primary residence, student housing, fraternity/sorority house, elderly care/assisted living, nursing care, hospice care, sober living.

Listing description from the November 2024 sale, as reported to CRMLS.

Sale history

$2,400,000

Sold November 2024 · listed $2,499,000, on market May 2024 · MLS #24396101 · Source: CRMLS

Listing Agent: Alex Galuz · Listing Office: Keller Williams Realty Calabasas · Contact: 818-657-6500 · Bought with: Josh Ellis · Markus Shepherd

$1,750,000

Sold April 2021 · listed $1,899,999, orig. $1,999,999, on market January 2020 · MLS #20545070 · Source: CRMLS

Listing Agent: Dana Brockway · Listing Office: Coldwell Banker Realty · Contact: 310-777-6200 · Bought with: Christian Hothem · Keller Williams Realty Calabasas

$625,000

Sold March 2017 · listed $659,000, orig. $668,888, on market December 2016 · MLS #SR16760775 · Source: CRMLS

Listing Agent: Mel Wilson · Listing Office: Mel Wilson & Associates · Contact: 818-993-4606 · Bought with: Brian Potkin · First Equity

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