8857 Penfield Avenue, Northridge

$929,999

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5 Beds
3 Baths
1,788 Sqft
.19 Acre
0 Garage

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 Californiaā€™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.

Essential Information

MLS® #
SR24082273
Price
$929,999
Bedrooms
5
Bathrooms
3.00
Full Baths
3
Square Footage
1,788
Acres
0.19
Year Built
1956
Type
Residential
Sub-Type
Duplex
Status
Active

Community Information

Address
8857 Penfield Avenue
Area
NR - Northridge
City
Northridge
County
Los Angeles
Zip Code
91324
Community Features
Suburban
Senior Community
N

Amenities

View
Neighborhood
Has Pool
Yes
Pool
In Ground, Private

Parking

Driveway, Electric Vehicle Charging Station(s), Converted Garage

Garages

Driveway, Electric Vehicle Charging Station(s), Converted Garage

Interior

Heating
Central
Cooling
Central Air
Fireplace
Yes
Fireplaces
Living Room
# of Stories
1
Stories
One

Appliances

Refrigerator, Tankless Water Heater

Exterior

Lot Description
Cul-De-Sac
Roof
Shingle
Foundation
Slab

School Information

District
Los Angeles Unified

Additional Information

Date Listed
April 24th, 2024
Days on Market
25
Zoning
LARS

Listing Details

Agent
Jhon Cordova

Office

House Of Seven Gables Real Estate Inc.

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of May 21st, 2024 at 4:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.