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$1,795,000
Listing Price4beds
3baths
1,744sqft
23,164sqft lot
8450 Melvin Ave, Northridge, CA 91324
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Incredible investor opportunity on a beautiful tree-lined street in Northridge. Situated on an expansive 23,000+ sq ft lot, this property has already completed the SB9 subdivision process. RTI plans will be delivered at the close of escrow for three newly constructed homes (approximately 1,200 sq ft each), along with plans to remodel the existing residence.The current home features 3 bedrooms and 2 bathrooms, plus an ADU, a large sparkling pool, and mature trees that enhance the property's charm and privacy.An exceptional opportunity for an investor or end-user to live on the property while developing the additional homes, creating strong future value and income potential.Plans available upon request.
Interior Details
1744
4
3
Has Heating:
Yes
Heating Type:
Central
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
23164
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Conventional
Stucco
N/A
Gable
Wood Shingle
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$4,878
$313,470
$78,363
--%
$391,833
2019
$4,878
$307,324
$76,827
--%
$384,151
2018
$4,689
$301,299
$75,321
--%
$376,620
2017
$4,586
$295,392
$73,845
--%
$369,237
2016
$4,469
$289,600
$72,398
--%
$361,998
2014
$4,433
$279,663
$69,915
--%
$349,578
2013
$6,279
$341,078
$157,761
--%
$498,839
2012
$6,156
$334,391
$154,668
--%
$489,059
Average Home Price in 91324
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Details for 8450 MELVIN AVE
Property Debt
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Guides for Melvin Ave
In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles
