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Listed by Jason Vollmer • Beverly and Company Inc.
$ 4,300,000
Est. payment /mo
New
18356 Napa Street Northridge, CA 91325
10 Beds
8 Baths
4,480 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 4,480 sqft
Price per Sqft $959
MLS Listing ID 225004141
Style Traditional,Other
Bedrooms 10
Full Baths 8
Year Built 1986
Lot Size 7,230 Sqft
Property Sub-Type Commercial/Residential
Source Conejo Simi Moorpark Association of REALTORS®
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 is a non RSO building, 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 is a non RSO building, 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
Area Nr - Northridge
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