17516 17514 Raymer St, Northridge, CA 91325

$3,825,000
9
BD
6
BA
4,761
SqFt
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List Price
$3,825,000
MLS#
26102003
Year Built
1952
Bedrooms
9
Bathrooms
6
Living Sq. Ft
4,761
Lot Size
29,946
Days on Market
3
Property Type
Single Family Residential
Style
Architectural
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949-202-9359

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.

949-202-9359
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Additional Information

Other Buildings
Other, GuestHouse
Pool
Yes
Pool Description
In Ground
Spa
Yes
Heat
Central
Cooling
Central
View
City
Number of Cars in Garage
Garage - 3 Car
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Courtesy of Moses Commercial, Inc, Shane Moses - CA DRE#02007841

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