18356 Napa Street, Northridge, CA 91325
-
Listed Price :
$4,350,000
-
Beds :
10
-
Baths :
8
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Property Size :
4,480 sqft
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Year Built :
1986
Property Description
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)
Interior Features
| Laundry Information |
| Location(s) |
Laundry Room |
| Bedroom Information |
| Bedrooms |
10 |
| Bathroom Information |
| Bathrooms |
8 |
| Flooring Information |
| Material |
Wood |
Listing Information
| Address |
18356 Napa Street |
| City |
Northridge |
| State |
CA |
| Zip |
91325 |
| County |
Los Angeles |
| Listing Agent |
Jason Vollmer DRE #01947472 |
| Courtesy Of |
Beverly and Company Inc. |
| List Price |
$4,350,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,480 |
| Lot Size |
7,230 |
| Year Built |
1986 |
Listing information courtesy of: Jason Vollmer, Beverly and Company Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 25th, 2024 at 3:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
