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    8421 Lindley Ave Northridge, CA 91325

    For Sale
    $3,900,000

    Apartment - Northridge, CA

    Type:Apartment
    Property size:
    14,858 SF
    Lot size:
    13,654.00 Acres
    Days on Market:
    417
    Last Refresh:
    Dec 15 at 6:06 am

    Property Features for 8421 Lindley Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    LAR3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Bedrooms
    13
    Bathrooms
    11
    APN
    2786012057
    Parking
    16
    Parking features
    Carport
    Interior features
    Balcony, Living Room Balcony, Living Room Deck Attached, Unfurnished, None
    Exterior features
    Fence, Community Features Included: Suburban, Lot 10000-19999 Sqft, Paved, Sprinkler System
    Fencing
    Fenced
    Appliances
    Range
    Size
    14,858 SF
    Lot size
    13,654.00 Acres

    Utilities

    Heating system
    Electric (Heating), Radiant
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1965
    Floors in Building
    2
    Number of units
    17
    Flooring type
    Carpet, Vinyl
    Building materials
    Stucco
    Roof type
    Tar/Gravel
    Architectural style
    Other

    Mills Realty (818) 763-4462 [email protected]

    Listing agent Simon Mills (818) 763-4462 License #01309436

    Listing date Oct 25, 2024

    MLS# SR24153299 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Northridge Multifamily Investment Opportunity

    This 17-unit apartment building is located in a high-demand area of Northridge. The property is conveniently situated across from Northridge Middle School and Northridge Early Education Center, and within walking distance of California State University Northridge (CSUN) and Northridge Hospital. This location is ideal for students, professionals, and retirees. The property offers significant potential for investors, as three units are currently vacant, and two additional units can be delivered vacant at the close of escrow. This presents a great opportunity to renovate the units and increase rents to fair market value. The lot size is approximately 0.31 acres, with a total living area of 14,858 square feet. The zoning is LAR3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Northridge
    County
    Los Angeles
    State
    California
    Longitude
    -118.52753
    Latitude
    34.22347

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    FAQs

    What type of property is this?
    Apartment building - 17-unit apartment building near CSUN with value-add potential.
    Where is this apartment building located?
    The property is located at 8421 Lindley Ave Northridge, CA.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - High-demand location near Northridge Middle School, Northridge Early Education Center, CSUN, and Northridge Hospital.; - Tremendous investment potential with 3 vacant units and 2 additional units deliverable vacant at COE.; - Opportunity to renovate and increase rents to Fair Market Value (FMV).
    (818) 763-4462
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    8421 Lindley Ave Northridge, CA 91325
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    Northridge, CA 91325
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8421 Lindley Ave Northridge, CA 91325
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