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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
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)
  • Listing ID: 32837899

  • Date on Market: 2024-08-16

  • Last Updated:

  • Address: 8908 Noble Ave, North Hills, CA 91343

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