18356 Napa Street
Northridge, CA 91325
- – beds
- – baths
- – sqft
- 7,230 sqft lot
- 1986 build
- – on site
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 free of rent control, 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)
Last checked:
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Last updated Oct 25, 2024
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MLS# 224004333 —
The Building
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Year Built:1986
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Year Built Source:Assessor
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Construction Materials:Other, Stucco
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Architectural Style:Traditional
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Accessibility Features:Other
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Total Number Of Units:16
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Stories Total:2
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# of Separate Gas Meters:16
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# of Separate Water Meters:2
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# of Separate Electric Meters:16
Interior
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Levels:Multi/Split, Two
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Entry Location:Other
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Flooring:Wood
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Fireplace:No
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Laundry:Individual Room
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Laundry:1
Location
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Latitude:34.22617700
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Longitude:-118.53367000
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:7230.0000
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Lot Size Acres:0.1660
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Lot Size SqFt:7230.00
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Lot Size Source:Public Records
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Security Features:Automatic Gate, Smoke Detector(s)
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Property Attached:1
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2786024034
Heating & Cooling
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Cooling:Yes
Utilities
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Sewer:Public Sewer
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Green Energy Efficient:Water Heater
Appliances
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Appliances:Water Heater
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Included:Yes
The Community
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Senior Community:No
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Private Pool:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Covered, Driveway, Other
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Parking Spaces:24.00
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Garage Spaces:24.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/16/24
Oct 16, 2024
|
Listed / Active | CRMLS_CA | $4,350,000 | |
|
8/19/24
Aug 19, 2024
|
Listed / Active | CRMLS_CA |
