8908 Noble Ave
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8908 Noble Ave
2 Unit Apartment Building $2,246,083 CAD ($1,123,042 CAD/Unit) North Hills, CA 91343
Investment Highlights
- Huge Corner Lot
- Potential to Build Additional Units
- Two Houses on One Lot (ADU Built in 2019)
Executive Summary
Great investment opportunity! This nearly half-acre corner lot features two houses and offers great potential for expansion. You could subdivide the property into two (SB9) and/or add more structures with a potential to build a total of 4 more units. The property is already generating impressive cash flow and stands out due to access, corner lot, lot shape and size. It is perfect for investors as well as owner users who want to expand their budget and live in one of the homes while using the income from the ADU to help with the qualification for a loan. The detached 3-bed/2 bath ADU was newly built in 2019. Total current income $7,450. The ADU is generating $3500 and the house $3950. The property is conveniently located within walking distance to schools and dining, with easy access to the 405 freeway. Buyers should verify all information independently and not rely on the information on the MLS.
Property Facts
Price | $2,246,083 CAD | Apartment Style | Low Rise |
Price Per Unit | $1,123,042 CAD | Building Class | C |
Sale Type | Investment | Lot Size | 0.48 AC |
No. Units | 2 | Building Size | 3,045 SF |
Property Type | Multifamily | No. Stories | 1 |
Property Subtype | Apartment | Year Built | 1950 |
Price | $2,246,083 CAD |
Price Per Unit | $1,123,042 CAD |
Sale Type | Investment |
No. Units | 2 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.48 AC |
Building Size | 3,045 SF |
No. Stories | 1 |
Year Built | 1950 |
Unit Amenities
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
zoning
Zoning Code | LARS (Residential) |
LARS (Residential) |
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8908 Noble Ave
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