Try Advanced Home Search

Hometuity Connects Directly To The MLS and Updates Every 5 Minutes

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 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)

Features
2
: Individual Room
0
: Traditional
Additional Information
Beverly and Company Inc.
0
VCR-C159098638
VCR-CB3373001
Jason
2786024034
: Standard
24
Multi/Split,Two
32

Multi-Family For Sale

18356 Napa Street, Northridge, California 91325

$4,350,000
Listing ID #224004333
Basic Details
Status : Active
DaysOnMarket : 21
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 224004333
Price : $4,350,000
Lot Size : 7,230 Sqft
Year Built : 1986
Country : US
State : California
County : Los Angeles
City : Northridge
Zipcode : 91325
ModificationTimestamp : 2024-11-06 19:24:08
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent