8450 Melvin Avenue, Northridge, CA 91324
8450 Melvin Avenue, Northridge, CA 91324
Property Description
STUNNING, COMPLETELY REMODELED NORTHRIDGE HOME ON AN EXPANSIVE 23,000+ SQ. FT. LOT WITH POOL AND EXCEPTIONAL DEVELOPMENT POTENTIAL! Nestled along a beautiful, tree-lined street, this extensively renovated 4-bedroom, 2.5-bathroom residence has been thoughtfully transformed to offer the look and feel of a brand-new home. Featuring a gorgeous new kitchen with new appliances, beautifully redesigned bathrooms, new flooring, new windows, and stylish contemporary finishes throughout, this move-in-ready home combines modern comfort with timeless appeal. The existing attached ADU provides additional versatility for extended living arrangements, guests, or potential rental income. Step outside to discover an expansive property highlighted by a large sparkling swimming pool, mature trees, and an abundance of outdoor space offering privacy, relaxation, and endless possibilities. Beyond its appeal as a beautifully updated residence, this extraordinary property offers significant future development potential. Architectural plans prepared in connection with an SB9 lot split depict two additional single-story residences of approximately 1,639 sq. ft. each on the rear parcel, plus a separate approximately 1,100 sq. ft. structure on the front parcel, proposed for use as an ADU. THE OPPORTUNITY IS NOW! The property is currently being offered at a price that reflects its present entitlement status. Upon issuance of Ready-to-Issue (RTI) permits and final confirmation and approval of the lot split, the seller anticipates a substantial increase in the asking price to reflect the additional value of those milestones. These approvals could be obtained during the marketing period, creating a compelling opportunity for buyers to secure the property at its current asking price before any potential repricing. Whether you're seeking a beautifully remodeled personal residence, a multigenerational living opportunity, or a property with significant investment potential, 8450 Melvin Avenue offers an exceptional combination of lifestyle, land, and opportunity. Architectural plans available upon request. Buyer to independently verify all subdivision status, proposed uses, approvals, permits, timelines, and development feasibility.
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Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Northridge · Single Family Residence
Listed 8.0% above the median closed sale of $1,712,500. Price per sqft ($1,060) is a 99% premium to closed comps ($532). Closed comps sold at 101% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 19000 Strathern | Reseda | 1953 | 6 | 5 | 2,759 | 21,814 | $580 | $1.60M | 128 | 59 |
| 18724 Chase | Northridge | 1966 | 9 | 8 | 3,743 | 12,520 | $521 | $1.95M | 48 | 54 |
| 19000 Strathern | Reseda | 1953 | 6 | 5 | 2,759 | 21,814 | $580 | $1.60M | 128 | 53 |
| 8434 Oakdale Avenue | Winnetka | 1948 | 7 | 5 | 2,848 | 9,464 | $579 | $1.65M | 76 | 53 |
| 19415 Kinzie Street | Northridge | 1965 | 5 | 4 | 3,834 | 15,873 | $469 | $1.80M | 4 | 43 |
| Total: 5 · Average | 6.6 | 5.4 | 3,188.6 | 16,297 | $545.8 | $1.72M | 76.8 | |||
| Median | 2,848 | $1.65M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19523 Ballinger Street | Northridge | 1977 | 08/21/2026 | 4 | 4 | 3,989 | 17,582 | $1.84M | $1.84M | $461 | 1.00 | 45 | 53 |
| 9701 Bothwell Road | Northridge | 1973 | 12/24/2025 | 4 | 4 | 3,485 | 12,567 | $1.84M | $1.84M | $529 | 1.00 | 60 | 53 |
| 18320 Ingomar Street | Reseda | 1996 | 06/24/2026 | 5 | 4 | 3,045 | 21,698 | $1.60M | $1.65M | $542 | 1.03 | 43 | 49 |
| 9847 Bothwell Road | Northridge | 1970 | 04/17/2026 | 4 | 3 | 2,829 | 20,386 | $1.57M | $1.57M | $557 | 1.00 | 29 | 49 |
| 19523 Vintage Street | Northridge | 1965 | 06/17/2026 | 5 | 4 | 2,996 | 16,444 | $1.68M | $1.71M | $572 | 1.02 | 48 | 46 |
| Total: 5 · Average | 4.4 | 3.8 | 3,268.8 | 17,735.4 | $1.72M | $1.72M | $532.2 | — | 45 | ||||
| Median | 3,045 | $1.71M | $1.71M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.