Active

18356 Napa Street

Northridge CA, 91325

$4,350,000


$970.98 per sqft

Active

10 Beds

8 Baths

4,480 sqft

Residential

Built in 1986

Listed by Jason Vollmer with Beverly and Company Inc. (805) 405-6006

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)

224004333

MLS ID

October 16, 2024

Listed

October 26, 2024

Updated

Map

18356 Napa Street
Northridge CA, 91325

Interior Features

Total Stories

2


Bedrooms

10


Total Bathrooms

8


Full Bathrooms

8


Appliances

Water Heater


Laundry Description

Laundry Room


Floor Description

Wood


Fireplace

No


Cooling

Yes


Heating

No

Exterior/Building Features

Lot Size

0.17 Acres


Architectual Style

Traditional


Sewer

Public Sewer

Other Property Details

Area Name

NR - Northridge


Days on Market

9


Garage

Yes


Garage Spaces

24


Parking

Covered, Driveway, Other


Parking Total

24


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listing Contact: (805) 870-8448 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/26/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/26/2024 at 11:11 AM UTC

 

Powered byLuxury Presence