NewOpen house
$3,825,000
9 bd · 6 ba · 4,761 sqft · 0.69 acre lot
17516 17514 Raymer St, Northridge, CA 91325
Single family · Built 1952 · $803/sqft ·
$23,427/mo est. payment
- Garage
- 3 cars
- Stories
- 1
Flood factor 1/10
About this home
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.
Facts and features
Bedrooms
- Bedrooms: 9
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Other Rooms
- Living room
- Primary bedroom
- Rec room
Appliances
- Laundry Features: Inside
Heating and Cooling
- Cooling Features: Central
- Fireplace Features: Fire Pit
- Heating Features: Central
- Heating: Yes
Interior Features
- Furnished Description: Unfurnished
- Flooring: Vinyl
Pool and Spa
- Pool Features: In Ground
- Spa Features: In Ground
- Spa: Yes
Exterior and Lot Features
- Other Structures: Guest House
Schools
- 5
Northridge Middle School
middle · 6-8 · 0.5 mi
- 8
Dearborn Elementary Charter School
elementary · K-5 · 1.0 mi
- 9
Grover Cleveland Charter High School
high · 9-12 · 1.9 mi
St. Mary Coptic Orthodox School
elementary · K-5 · 0.3 mi
The Northridge Community School
elementary · K-8 · 0.6 mi
- 7
Lorne Street Elementary School
elementary · K-5 · 0.6 mi
Price history
- Oct 14, 2026 · Listed$3,825,000
- Feb 26, 2025 · Sold$2,450,000
- Feb 1, 2025 · Listed$2,500,000
- Oct 19, 2018 · Listing Removed$989,000
- Oct 31, 2017 · Sold$839,000
- Aug 2, 2017 · Sold$910,000
- Jul 11, 2017 · Listed$949,000
- Jun 1, 2017 · Sold$930,000
Tax history
- 2025$22,128 tax · $2,499,000 assessed
- 2024$21,897 tax · $1,805,746 assessed
- 2023$21,455 tax · $1,734,000 assessed
- 2022$12,023 tax · $975,701 assessed
- 2021$11,872 tax · $956,570 assessed
- 2020$11,988 tax · $946,763 assessed
- 2019$11,525 tax · $928,200 assessed
- 2018$11,152 tax · $910,000 assessed
Home value
$2,599,000
- Collateral Analytics$2,599,000
- Quantarium$3,708,749
- Cotality$1,401,200
Where it is
Listed by Shane Moses · Moses Commercial, Inc · TheMLSCLAW
