Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8449 Amigo Ave Northridge, CA 91324-4728

    • Apartment buildings
    • 5,156 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    May 20, 2021
    $1,400,014
    Value Estimations
    $1,335,000
    Show details
    Cap Rate Potential
    6.5%
    Apartment buildings
    Location Intelligence
    Property ID
    US10-0523988
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 8449 Amigo Ave

    Year built
    1959
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    5,156 SF
    Zone code
    LAR3
    Property type
    Apartment buildings
    APN
    2785-015-056
    APU
    2785015056

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,275,000
      ML approach
      $1,335,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,385,000
      6.5%
      $1,275,000
      7%
      $1,185,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,806,000
      Market price range: $818k - $1.81M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,325,000
      Current use
      COMMERCIAL (GENERAL)
      $1,595,000
      Change: +20% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,515,000
      Change: +14% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Northridge
    County
    Los Angeles
    State
    California
    Longitude
    -118.538
    Latitude
    34.2242
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,988
    $594,276
    $893,664
    $1,487,940
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,485,000
      13,035 SF

      19100 Parthenia St

      APARTMENT HOUSE (5+ UNITS) • 13,035 SF
      19100 Parthenia St, Northridge, CA 91324-3664
      View Details
    • Value Estimation
      $2,265,000
      19,178 SF

      18560 Pr St

      APARTMENT HOUSE (5+ UNITS) • 19,178 SF
      18560 Pr St, Northridge, CA 91324-3152
      View Details
    • Value Estimation
      $3,260,000
      29,188 SF

      19229 Nordhoff St

      APARTMENT HOUSE (5+ UNITS) • 29,188 SF
      19229 Nordhoff St, Northridge, CA 91324-3622
      View Details
    • Value Estimation
      $24,800,000
      153,783 SF

      19200 Nordhoff St

      APARTMENT HOUSE (5+ UNITS) • 153,783 SF
      19200 Nordhoff St, Northridge, CA 91324-5123
      View Details
    • Value Estimation
      $1,225,000
      7,016 SF

      8343 Amigo Ave

      APARTMENT HOUSE (5+ UNITS) • 7,016 SF
      8343 Amigo Ave, Northridge, CA 91324-4755
      View Details
    • Value Estimation
      $1,510,000
      13,332 SF

      19054 Parthenia St

      APARTMENT HOUSE (5+ UNITS) • 13,332 SF
      19054 Parthenia St, Northridge, CA 91324-3737
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Spacious Condo in Nordhoff Terrace

      Turnkey 2-bedroom condo with resort-style amenities in Northridge.
      19029 Nordhoff St, Northridge, CA 91324
      View Details
    • $1,299,000
      2,873 SF

      Northridge Multifamily Income Property

      Two independent homes on one lot, ideal for investment.
      8761 Corbin Ave, Northridge, CA 91324
      View Details
    • $5,925,000
      1.09 Acres

      Prime Northridge Vacant Land

      Over an acre of vacant land on Reseda Blvd.
      8350 Reseda Blvd, Northridge, CA 91324
      View Details
    • Contact for pricing
      3,200 SF

      Established Northridge Restaurant Opportunity

      Authentic Greek restaurant with strong financials and loyal customer base.
      Call Broker For Details!, Northridge, CA 91324
      View Details
    • $150,000

      Established Cleaning Business in Northridge

      Turnkey cleaning business for sale in a high-traffic Northridge location.
      9078 Tampa Ave, Northridge, CA 91324
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Los Angeles, CA.
      19611 Parthenia St, Los Angeles, CA 91324
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Los Angeles, CA.
      8349 Reseda Blvd, Los Angeles, CA 91324
      View Details
    • Contact for pricing

      Northridge Medical Office Building Space

      Three-story medical office building in Northridge with ample parking.
      9535 Reseda Blvd, Los Angeles, CA 91324
      View Details
    • Contact for pricing

      Office Suites for Lease

      Office suites available for lease.
      9003 Reseda Blvd, Northridge, CA 91324
      View Details
    • Contact for pricing

      Retail Space Near Northridge Mall

      Retail property anchored by Super King Market and DSW for lease.
      19500 Plummer St, Los Angeles, CA 91324
      View Details
    • $2 SF/Yr

      Office Space with Free Parking

      Office space available for rent with free parking and signage.
      9003 Reseda Blvd, Northridge, CA 91324
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8449 Amigo Ave
    Northridge, CA 91324-4728
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!