Value-Add Investment Opportunity – 16-Unit Multifamily Property in the Heart of NorthridgeRare chance to acquire a 16-unit multifamily property in a prime Northridge location! This well-maintained asset comprises two buildings on separate lots, featuring twelve 1-bedroom, 1-bath units, and four 2-bedroom, 1-bath units. Built in 1986 and is a non RSO building, this property offers immediate upside potential for investors. Recent upgrades include two newer water heaters, copper plumbing throughout, including the mainline, and a roof tune-up. Each unit has been enhanced with low-flow toilets, optimizing water efficiency.The property provides 24 parking spaces, an attractive feature in this high-demand rental area. Additionally, there is potential for an ADU in the rear, creating an opportunity for further value-add and income generation. Located near shopping, dining, and transportation hubs, this property is perfectly positioned for long-term appreciation and stable cash flow.With Northridge seeing strong rental demand and limited opportunities like this, don’t miss your chance to own this high-potential multifamily investment! (Buyer to verify possibility of ADU)
Property Details
Price:
$4,350,000
MLS #:
224004333
Status:
Active
Baths:
0
Address:
18356 Napa Street
Type:
Residential Income
Neighborhood:
nrnorthridge
City:
Northridge
Listed Date:
Oct 16, 2024
State:
CA
ZIP:
91325
Lot Size:
7,230 sqft / 0.17 acres (approx)
Year Built:
1986
See this Listing
Mortgage Calculator
Schools
Interior
Accessibility Features
Other
Appliances
Water Heater
Flooring
Wood
Exterior
Garage Spaces
24.00
Green Energy Efficient
Water Heater
Parking Features
Covered, Driveway, Other
Parking Spots
24.00
Security Features
Automatic Gate, Smoke Detector(s)
Sewer
Public Sewer
Stories Total
2
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address18356 Napa Street Northridge CA
- AreaNR – Northridge
- CityNorthridge
- CountyLos Angeles
- Zip Code91325
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Courtesy of Beverly and Company Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
18356 Napa Street
Northridge, CA
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