List Price: $3.83M

Listing Status: Active

Days on Market: 1

9 Bedrooms · 6 Bathrooms · 4,761 sq ft

Property Type: Residential

Year Built: 1952

Lot Size: 29,946 sq ft

Private Pool: Yes

MLS Number: 26102003

About This Property

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.

Listing provided by: Shane Moses DRE #02007841 972-467-6536 Shane@mosescommercial.com, Moses Commercial, Inc

Source: CRMLS, MLS #: 26102003

The listing office is Moses Commercial, Inc. Belmont Brokerage Inc. (DRE #02431308) provides buyer representation and consultation. Tour and contact requests go to a Belmont agent.