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