See all 15 photos

$3,825,000

Est. payment - /mo

Save

9 Beds

6 Baths

4,761 SqFt

New

17516 17514 Raymer ST Northridge, CA 91325

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Danny Cassese

danny@dannycassese.com +1(661) 373-4560

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,761 sqft

Price per Sqft $803

MLS Listing ID 26102003

Bedrooms 9

Full Baths 6

HOA Y/N No

Year Built 1952

Lot Size 0.687 Acres

Property Sub-Type Single Family Residence

Property Description

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 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.

Location

State CA

County Los Angeles

Zoning LARA

Rooms

Other Rooms Guest House

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Furnishings Unfurnished

Fireplace Yes

Appliance Dishwasher, Microwave, Refrigerator

Laundry Inside

Exterior

Exterior Feature Fire Pit

Parking Features Door-Multi, Garage

Pool In Ground

View Y/N Yes

View City Lights

Building

Entry Level One

Level or Stories One

Additional Building Guest House

New Construction No

Others

Senior Community No

Tax ID 2787024009

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Shane Moses Moses Commercial, Inc #02007841

Nearby Locations

GET MORE INFORMATION

Danny Cassese

Agent License ID: 02132778

+1(661) 373-4560