18356 Napa ST, Northridge, CA 91325
18356 Napa ST, Northridge, CA 91325
18356 Napa ST, Northridge, CA 91325
18356 Napa ST, Northridge, CA 91325
18356 Napa ST, Northridge, CA 91325
18356 Napa ST, Northridge, CA 91325
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Brian Piper

Brian Piper

+1(442) 282-2233
$ 3,975,000
Est. payment | /mo

10 Beds

8 Baths

4,480 SqFt

Save
$ 3,975,000
Est. payment | /mo
Save

10 Beds

8 Baths

4,480 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,480 sqft

Price per Sqft $887

MLS Listing ID 226004827

Bedrooms 10

Full Baths 8

HOA Y/N No

Year Built 1986

Lot Size 7,230 Sqft

Property Description

Value-Add 16-Unit Multifamily Investment in Northridge. 18356-18360 Napa Street presents an exceptional opportunity to acquire a well-maintained 16-unit multifamily asset consisting of two buildings on separate lots with approximately 8,960 SF of rentable space on a combined 14,400 SF lot. The property features an attractive unit mix of twelve 1-bedroom/1-bath units and four 2-bedroom/1-bath units, 24 parking spaces, shared laundry, and a reported non-RSO status. Built in 1986, the property has benefited from meaningful capital improvements including copper plumbing throughout and the mainline, two newer water heaters, a roof tune-up, and low-flow toilets. The investment offers immediate and future rental upside, with multiple units positioned for rent increases and one unit currently being remodeled/vacant. There may also be potential for an ADU at the rear, subject to buyer verification. Ideally located near CSUN, shopping, dining, entertainment, and major transportation corridors including the 101 and 405 freeways. Offered at $3,975,000, the property represents approximately a 6.28% current cap rate and 7.50% pro forma cap rate, based on the supplied rent roll and operating expenses. An excellent opportunity to acquire a well-located Northridge multifamily asset with current income, rental upside, and long-term value-add potential.

Location

State CA

County Los Angeles

Area Nr - Northridge

Zoning LAR3

Interior

Cooling Central Air

Flooring Wood

Fireplace No

Appliance Water Heater

Laundry Laundry Room

Exterior

Parking Features Covered, Driveway, Other

Garage Spaces 24.0

Garage Description 24.0

View Y/N No

Accessibility Other

Total Parking Spaces 24

Private Pool No

Building

Story 2

Entry Level Two,Multi/Split

Sewer Public Sewer

Architectural Style Traditional

Level or Stories Two, Multi/Split

Others

Senior Community No

Tax ID 2786024034

Security Features Security Gate,Smoke Detector(s)

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jason Vollmer Beverly and Company Inc. #01947472

Nearby Locations

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18356 Napa ST