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18356 Napa , Northridge, CA 91325
Priced at Only: $4,200,000
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Address: 18356 Napa , Northridge, CA 91325
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  • MLS#: SR26084303 ( Commercial/Residential )
  • Street Address: 18356 Napa
  • Viewed: 4
  • Price: $4,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 0
  • Days On Market: 8
  • Additional Information
  • County: LOS ANGELES
  • City: Northridge
  • Zipcode: 91325
  • Provided by: Equity Union
  • Contact: Brad Brad
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Exceptional investment opportunity in the heart of Northridge. Located at 1835618360 Napa Street, this well maintained multifamily property consists of 16 total units across two buildings, offering a combined 8,960 square feet of rentable space situated on a 14,400 square foot lot. Constructed in the mid 1980s, the property features a desirable low rise, garden style layout with efficient unit configurations that appeal to a strong and consistent tenant base. Amenities include on site parking, private balconies in select units, and shared laundry facilities. Positioned in a high demand rental market, the property benefits from close proximity to California State University, Northridge, major shopping centers, dining, and convenient access to the 101 and 405 freeways. This location continues to attract students, professionals, and long term renters alike. With solid in place income and upside potential through interior upgrades and rental repositioning, this asset presents an excellent opportunity for both seasoned investors and those seeking to expand their multifamily portfolio in a stable, growth oriented submarket.
Features
Additional Parcels Description
  1. 2786024038
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 8960.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 19761.00
Garage Spaces
  1. 24.00
Heating
  1. Forced Air
Insurance Expense
  1. 6395.00
Laundry Features
  1. Individual Room
  2. Community
Laundry Income
  1. 2100.00
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 267618.00
Newtaxesexpense
  1. 52500.00
Number Of Separate Electric Meters
  1. 16
Number Of Separate Gas Meters
  1. 16
Parcel Number
  1. 2786024034
Parking Features
  1. Assigned
  2. Tandem Covered
  3. Carport
  4. Attached Carport
  5. Street
Pool Features
  1. None
Professionalmanagementexpense
  1. 18877.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 461056326:CRM
Spa Features
  1. None
Tenant Pays
  1. Electricity
Totalactualrent
  1. 335146.00
Totalexpenses
  1. 109930.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 11612
View
  1. None
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1986
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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