$ 4,350,000
18356 Napa Street Northridge, CA 91325
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Listed by Jason Vollmer • Beverly and Company Inc.
$ 4,350,000
Est. payment /mo
Active
18356 Napa Street Northridge, CA 91325
10 Beds
8 Baths
4,480 SqFt
UPDATED:
10/25/2024 03:07 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,480 sqft
Price per Sqft $970
MLS Listing ID 224004333
Style Traditional,Other
Bedrooms 10
Full Baths 8
Originating Board Conejo Simi Moorpark Association of REALTORS®
Year Built 1986
Lot Size 7,230 Sqft
Property Description
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)
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)
Location
State CA
County Los Angeles
Interior
Cooling Air Conditioning, Wall or Window Units
Flooring Wood/Wood Like, Other
Laundry Individual Room, Laundry Area
Exterior
Exterior Feature Balcony
Garage Spaces 24.0
View Y/N No
Building
Lot Description 2 - 4 Lots, Automatic Gate, Exterior Security Lights, Fully Fenced
Story 2
Sewer Other, Public Sewer