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$ 3,150,000
Est. payment /mo
New
17856 Cathedral Place Encino (los Angeles), CA 91316
4 Beds
3 Baths
2,219 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,219 sqft
Price per Sqft $1,419
MLS Listing ID CL26101869
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1959
Lot Size 0.533 Acres
Acres 0.5335
Property Sub-Type Single Family Residence
Property Description
Exceptional opportunity to acquire a beautifully renovated Encino estate offering the rare combination of luxury residential real estate and long-term, income-producing investment security. Privately situated on an expansive 23,239 SF lot at the end of a quiet cul-de-sac, this 4-bedroom, 3-bathroom residence encompasses approximately 2,219 SF and features a sparkling swimming pool, solar, two-car garage, and scenic city and mountain views. The property will be secured by a new 15-year NNN lease at closing, providing $21,000 in monthly rental income with 2% annual rent increases and two additional 5-year renewal options. The tenant is responsible for property taxes, insurance, and routine maintenance, with landlord obligations limited to roof and structure. This attractive lease structure provides investors with predictable, growing income and reduced day-to-day management responsibilities. PORTFOLIO SALE ONLY: Offered exclusively as part of a three-property, 24-licensed-bed Southern California real estate portfolio with a combined asking price of $10,125,000 and $810,000 in Year-1 NOI. Additional properties include 3914 Braewood Court, Tarzana, CA 91356, and 17514 & 17516 Raymer Street, Northridge, CA 91325. Contact listing brokers for the Offering Memorandum and additional details.
Location
State CA
County Los Angeles
Zoning LARA
Interior
Heating Central
Cooling Central Air
Flooring Wood
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher, Refrigerator
Laundry Dryer, Washer
Exterior
Pool In Ground
View Y/N true
View City Lights, Mountain(s), Valley
Private Pool false
Building
Story 1
Architectural Style Traditional
Level or Stories One Story
New Construction No
Others
Tax ID 2184029018
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Listed by Shane Moses • Moses Commercial, Inc