8450 Melvin Avenue
Northridge, CA, 91324
$1,795,000
MLS: 26661749
Beds
4
Baths
3
Sq Ft
1,744
Lot
0.53 ac
Year Built
1955
MLS #
26661749
Days on Market
8
Listed
Mar 9, 2026
Description
Incredible investor opportunity on a beautiful tree-lined street in Northridge. Situated on an expansive 23,000+ sq ft lot, this property has already completed the SB9 subdivision process. RTI plans will be delivered at the close of escrow for three newly constructed homes (approximately 1,200 sq ft each), along with plans to remodel the existing residence.The current home features 3 bedrooms and 2 bathrooms, plus an ADU, a large sparkling pool, and mature trees that enhance the property's charm and privacy.An exceptional opportunity for an investor or end-user to live on the property while developing the additional homes, creating strong future value and income potential.Plans available upon request.
Location
Northridge, Los Angeles County, CA 91324
Open on Google Maps ↗Listed by: Adam 'Aumi' Katz · Rodeo Realty
Payment estimate
$12,769
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $179,500 · Loan: $1,615,500
- Principal & Interest
- $9,926
- Property tax (1.25%)
- $1,870
- Homeowners insurance
- $300
- Mortgage insurance
- $673
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Northridge home with as little as 3.5% down using an FHA loan — roughly $62,825 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Northridge, CA 91324 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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