17920 Schoenborn St - Apartments FOR SALE


Northridge, CA 91325
$1,540,000 USD
209-401-7668
17920 Schoenborn St, Northridge, CA for Sale
$1,540,000 USD
Apartments - FOR SALE
1/5
null | 5.41% Cap Rate

17920 Schoenborn St
Northridge, CA 91325


HIGHLIGHTS

  • Steady demand with Cal State Northridge located nearby between students, faculty and staff.
  • Potential for higher rental yields from student demand allowing landlords to charge competitive rental rates.
  • Resilient in economic downturns given the proximity of CSUN, as enrollment tends to remain stable or increase during tough economic times.
  • Value-add situation through increased rental values, renovations and improvements.

OVERVIEW

Don't miss out on this incredible chance to invest in a lucrative multifamily property in the prime location of Northridge, CA, just moments away from CSUN. This six-unit complex boasts a fantastic potential for increased value and income. With four spacious one-bedroom, one-bathroom units, along with two and three-bedroom units ready for immediate occupancy, you have the perfect opportunity to maximize rental income from day one. Plus, with six dedicated parking spaces, convenience is assured for both tenants and owners alike. Take advantage of this exciting investment opportunity today!

FOR SALE DETAILS

PRICE

$1,540,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

6

PRICE/UNIT

$256,667

CAP RATE

5.41%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2787-007-014

ASK ABOUT THIS PROPERTY

William WhitePeak CommercialMore Info
209-401-7668

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William WhitePeak CommercialMore Info
209-401-7668

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.