18356 Napa Street, Northridge, CA 91325
  • MLS#: 224004333 ( )
  • Street Address: 18356 Napa Street
  • Viewed: 1
  • Price: $4,350,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 0
  • Days On Market: 30
  • Additional Information
  • County: LOS ANGELES
  • City: Northridge
  • Zipcode: 91325
  • Provided by: Beverly and Company Inc.
  • Contact: Jason Jason
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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)
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Features
Accessibility Features
  1. Other
Appliances
  1. Water Heater
Architectural Style
  1. Traditional
Construction Materials
  1. Other
  2. Stucco
Country
  1. US
Days On Market
  1. 25
Entry Location
  1. Other
Flooring
  1. Wood
Garage Spaces
  1. 24.00
Gardner Expense
  1. 600.00
Green Energy Efficient
  1. Water Heater
Insurance Expense
  1. 6209.00
Landleaseamount
  1. 0.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Individual Room
Laundry Income
  1. 1800.00
Levels
  1. Multi/Split
  2. Two
Lockboxtype
  1. None
Netoperatingincome
  1. 197408.00
Number Of Separate Electric Meters
  1. 16
Number Of Separate Gas Meters
  1. 16
Parcel Number
  1. 2786024034
Parking Features
  1. Covered
  2. Driveway
  3. Other
Pest Control Expense
  1. 500.00
Security Features
  1. Automatic Gate
  2. Smoke Detector(s)
Sewer
  1. Public Sewer
Sourcesystemkey
  1. 20241009224508746367000000:VCRDS
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 308436.00
Trash Expense
  1. 2516.00
Year Built
  1. 1986
Year Built Source
  1. Assessor
Zoning
  1. LAR3