18356 Napa Street
Northridge, CA 91325
4480 sqft | 10 beds | 8 baths | 0.17 acres | #224004333
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 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)
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$4,350,000
- MLS #224004333
- MLS #224004333
- Cost4350000
- Acres0.166
- Square Feet4480
- Year Built1986
- Bedrooms10
- Parking Spaces24
- Bathrooms8
- Full Baths8
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jason Vollmer (#VCR-C159098638)
Listing Office: Beverly and Company Inc. (#VCR-CB3373001)
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