8761 Corbin Avenue

Description

Please tell me how this amazing opportunity in the heart of Northridge can have a walk score of 67 and a bike score of 89? It is literally, and directly, across the street from a Target and Kohls anchored shopping center. What could be more walkable than that? It is a massive center with banking, restaurants, services, and a variety of retail. Answer: Always cross at a crosswalk folks. Super, super location. Who needs a car when you have Bob's Big Boy across the street?The paint might be pealing here and there, the landscaping needs attention, but just wait until you see the interior. The owner did a fantastic job updating the kitchen with appliances, cabinets, granite countertops and the floors are really, really nice, too.The home is currently occupied by tenants who may want to move upon the close of escrow, or not. It is, however, turnkey for the investor and the tenant is paying way below market rent at $2,500 monthly on a month-to-month rental agreement. The always on the money, Zillow ''Zestimates'' the rent at $4,143 per month. That is 66% upside! With the privacy of the tenant in mind, there is no lock box, no sign, and no disturbing their quite enjoyment of this fabulous Corbin Avenue home. We have included photos to highlight just how well-kept this property is. We have attached the current termite report, natural hazards report, preliminary title report, available permits, certificate of occupancy (LADBS), water conservation retrofit report, lead based paint report and remediation and, of utmost importance, a complete property inspection report from the highly respected and well know LaRocca Inspection Associates. The property is being sold in as-is, where-is condition and the buyer is to be responsible for termite clearance and retrofit items, if required and desired by purchaser or their lender.The roof is pitched composite, foundation is raised, garage is a separate structure, and there is RV type parking enclosed between the alley and backyard which is gated and fenced and features a large, concrete patio with adjacent covered porch. This is an amazing opportunity for first time home buyers or seasoned investors. It is not perfect, what is? However, it has been professionally maintained by an experienced investor/owner who clearly cares about a tenant's well-being and enjoyment. It is a fabulous starting point. The property is not going to be delivered vacant and will be subject to the tenant's rights per the month-to-month rental agreements. It is important to note that there are provisions that allow for an owner to gain possession of a property for their own occupancy or for a family member. Also, the property is NOT subject to Los Angeles Rent Stabilization Ordinance (rent control). There are variables (such as how many units the landlord owns) that impact the methodology for removing a tenant. Each buyer's situation may be unique, and they should do their own investigation. Also occupied and listed for sale, 16256 Horace, Granada Hills $746,000 and 16136 Devonshire, Granada Hills $694,000.