17516 17514 Raymer Street

Property Overview

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.

Home Details

Property type: Residential - Single Family Residence
Year built: 1952
Living area: 4,761 sq ft
Lot size: 29,946 sq ft
Days on market: 1
Full bathrooms: 6
MLS status: Active
Zoning: LARA

Features & Amenities

Appliances

Dishwasher
Microwave
Refrigerator

Parking

Door Multi
Garage

Pool

In Ground

Exterior

Fire Pit

Community, Schools & Utilities

Community

Fireplace: Yes
View: CityLights

Utilities

Heating: Central
Cooling: CentralAir

Location & Neighborhood

Northridge, CA 91325

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Frequently Asked Questions About 17516 17514 Raymer Street

Property type: Residential

The current asking price is $3,825,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 17516 17514 Raymer Street. Our team will confirm availability and timing.

This 9 bedrooms and 6 bathrooms property offers approximately 4,761 square feet of living space. It was built in 1952. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Northridge, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Northridge property.

The MLS currently reports the property as Active. It has been listed for 1 days. Status can change, so verify availability before relying on it.