18356 Napa St - Apartments FOR SALE


Northridge, CA 91325
$4,350,000 USD
805-405-6006
18356 Napa St, Northridge, CA for Sale
$4,350,000 USD
Apartments - FOR SALE
1/9
null | 5.6% Cap Rate

18356 Napa St
Northridge, CA 91325


HIGHLIGHTS

  • Great Location
  • Value add potential

OVERVIEW

Value-Add Investment Opportunity - 16-Unit Multifamily Property in the Heart of Northridge Rare 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)

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$485 USD /SF

# OF UNITS

16

PRICE/UNIT

$271,875

CAP RATE

5.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,296 SF

ZONING

R3, Los Angeles County

APN/PARCEL ID

2786-024-034,2786-024-038

ASK ABOUT THIS PROPERTY

Jason VollmerBeverly and CompanyMore Info
805-405-6006

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

Jason VollmerBeverly and CompanyMore Info
805-405-6006

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