18350 Napa , Northridge, CA 91325
  • MLS#: SR25246131 ( Apartment )
  • Street Address: 18350 Napa
  • Viewed: 2
  • Price: $6,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 15
  • Additional Information
  • County: LOS ANGELES
  • City: Northridge
  • Zipcode: 91325
  • Provided by: Equity Union
  • Contact: Brad Brad
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Rare 34 Unit Courtyard Community in Northridge Pool, Private Courtyard & Exceptional Value Add Potential This charming 34 unit apartment community is ideally located in the heart of Northridge, one of the San Fernando Valleys most desirable rental markets. Built around a beautifully landscaped central courtyard with a sparkling pool, the property combines strong curb appeal with meaningful value add opportunities. Featuring a well balanced unit mix of studios, one and two bedroom layouts (plus select larger units), the community appeals to a wide tenant base of students, young professionals, and small familiesensuring consistent occupancy and stable cash flow. The central pool and recreation area serve as a vibrant focal point, enhancing resident satisfaction and rental demand. With solid fundamentals and classic construction, the property is ideally positioned for modernization. Upgrading interiorskitchens, baths, flooring, lighting, and fixturesoffers a clear path to higher rents and improved asset value. Additional upside can be realized through utility re billing or RUBS implementation, operational efficiencies, and amenity enhancements such as refreshed outdoor furniture, lighting, and BBQ/lounge zones. Investor appeal is further strengthened by on site laundry, storage, and ample surface parking, as well as proximity to CSU Northridge, major employment centers, and retail corridors. Northridges strong rental demand and limited new supply create a compelling opportunity for both cash flow and appreciation with modest capital investment. This is a rare opportunity to acquire a well maintained 34 unit property in a prime Northridge location with significant upside potential through strategic renovations and management improvements.
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Features
Building Area Total
  1. 22651.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Current Financing
  1. None
Fireplace Features
  1. None
Garage Spaces
  1. 23.00
Insurance Expense
  1. 52510.00
Laundry Features
  1. Community
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 403803.00
Newtaxesexpense
  1. 82800.00
Number Of Separate Electric Meters
  1. 34
Number Of Separate Gas Meters
  1. 34
Parcel Number
  1. 2786024049
Pool Features
  1. Community
Professionalmanagementexpense
  1. 20000.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 449769618:CRM
Totalexpenses
  1. 257151.00
Trash Expense
  1. 8568.00
Vacancyallowance
  1. 20442
Water Sewer Expense
  1. 35271.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor