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Levon Arzumanyan

levon.a@theagencyre.com +1(213) 414-8088

$ 4,350,000

Est. payment -/mo

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New

18356 Napa ST Northridge, CA 91325

10 Beds

8 Baths

4,480 SqFt

UPDATED:

10/16/2024 10:03 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,480 sqft

Price per Sqft $970

MLS Listing ID 224004333

Bedrooms 10

Full Baths 8

HOA Y/N No

Year Built 1986

Lot Size 7,230 Sqft

Acres 0.166

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)

Location

State CA

County Los Angeles

Area Nr - Northridge

Zoning LAR3

Rooms

Ensuite Laundry Laundry Room

Interior

Laundry Location Laundry Room

Flooring Wood

Fireplace No

Appliance Water Heater

Laundry Laundry Room

Exterior

Garage Covered, Driveway, Other

Garage Spaces 24.0

Garage Description 24.0

View Y/N No

Accessibility Other

Parking Type Covered, Driveway, 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

Listed by Jason Vollmer • Beverly and Company Inc.

Levon Arzumanyan

Director, Estates Division | License ID: 01836944

+1(213) 414-8088

Levon Arzumanyan

18356 Napa ST Northridge, CA 91325

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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18356 Napa ST