8556 Newcastle Ave, Northridge, CA 91325
6,470 SF Health Care Building Offered at $2,499,000 at a 6.50% Cap Rate in Northridge, CA 91325
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,499,000
- Property Type
-
Health Care
- Square Feet
- 6,470 SF
Listing Contacts
Alex Galuz
Verified Profile
- Property Info
Property Overview
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.
Property Details
- Class
- B
- Year Built
- 2019
- Stories
- 2
- Property Subtype
- Rehabilitation Center
- Lot Size (sq. ft)
- 23,958 SF
- Units
- 12
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