Property listed by Moses Commercial, Inc, Shane Moses 972-467-6536
17516 17514 Raymer Street
Northridge, CA 91325
Beds
9
Baths
6
Square Ft.
4,761
$3,825,000
Unique investment opportunity in Northridge's desirable Sherwood Forest neighborhood, offered exclusively as part of a Southern California Behavioral Health Real Estate Portfolio. This gated 29,936 SF property encompasses two residential facilities located at 17516 and 17514 Raymer Street, totaling approximately 4,761 SF and 12 licensed residential treatment beds. The property… Read More features a swimming pool, spa, and spacious grounds. Both facilities will be subject to a new 15-year NNN lease at closing, featuring 2% annual rent increases and two 5-year renewal options. Tenants are responsible for all property taxes, property insurance, maintenance, and repairs. Combined allocated monthly rental income is $25,500, totaling $306,000 annually and representing an 8.00% cap rate on the property's allocated portfolio value. The complete portfolio consists of three properties across Encino, Tarzana, and Northridge, totaling four licensed facilities and 24 beds. Total portfolio asking price: $10,125,000. All properties must be purchased together. Contact listing brokers for the complete Offering Memorandum and additional information. Read Less
Listing Snapshot
Days Online
3
Last Updated
Property Type
SingleFamilyResidence
Beds
9
Full Baths
6
Square Ft.
4,761
Lot Size
0.69 Acres
Year Built
1952
MLS Number
26102003
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Refrigerator
Building
Built in 1952, Living area: 4761.0, Levels: One
Cooling
CentralAir
Exterior Features
FirePit
Floors
Vinyl
Heating
Central
Laundry
Inside
Lot
0.6875 acres, Dimensions: 102x290
Parking
DoorMulti, Garage
Pool
InGround
Property
Other structures: GuestHouse, CityLights
Taxes
Parcel Number: 2787024009, Zoning: LARA
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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