18356 Napa Street

Northridge, CA 91325

$4,350,000
Price
20
Beds
8
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

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,...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)
  1. Listed by Jason Vollmer • DRE #01947472 • Beverly and Company Inc.

Property Details for 18356 Napa Street

Zoning
LAR3
Style
Traditional
Accessibility Features
Other
Property Attached YN
true
Parcel Number
2786024034
Total Units
16.0
Living Area
4480
Area
Northridge (NR)
LISTING UPDATED: 11/06/2024 08:29 PM

Property Details for 18356 Napa Street

StatusActive
MLS #224004333VC
Days on Market67
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1986
Lot Size0.17 AC / 7,230 SF
CountyLos Angeles County

Building Information for 18356 Napa Street

Stories2Residences-Year Built1986Building Size-Lot Size0.17 AC / 7,230 SF

Property Information for 18356 Napa Street

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Attached
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • View: No
  • Guest House: None
  • Security Features: Automatic Gate, Smoke Detector
  • Sewer: Public Sewer
Contract Info
Contract Info
  • Disclosures: Property As Is
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $197,408.00
  • Actual Annual Gross Rent: $308,436.00
  • Vacancy Allow Percent: 3.00%
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Land Lease Amount Per Year: $.00
  • Lot Acreage: 0.0
  • Lot Size Square Feet: 7230
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Parking Garage: Driveway, Other
  • Total Parking: 24
  • Garage Spaces Total: 24
  • Carport Spaces Total: 0
  • Number Of Remote Controls: 0.0
  • Parking Features: Covered, Driveway, Other
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Fireplace: No
  • Cooling: Air Conditioning, Wall or Window Units
  • Flooring: Wood
  • Equipment: Room
  • Laundry: Room
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Spa: No
  • Entry Location: Other
  • Construction Materials: Other, Stucco
  • Exterior Construction: Other, Stucco
  • Construction MVO: Other, Stucco
  • Foundation Details: Other
Lease Terms
Lease Terms
  • Entry Date: 10-16-2024
  • Listing Terms: Cash, Cash To Existing Loan, Cash To New Loan, Conventional, Submit
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 12
  • Unit Baths: 12
  • Unit Furnished: No
  • Unit Rent: $17,805.00
Unit 2 Information
  • Unit Beds: 8
  • Unit Baths: 8
  • Unit Furnished: No
  • Unit Rent: $7,925.00
Unit Details
  • Number of Electric Meters: 16
  • Number of Gas Meters: 16
  • Number Leased: 16
  • Number Water Meters: 2

Property History for 18356 Napa Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 18356 Napa Street

Taxable ValueLand$730,801Additions$643,876Total$1,374,677
Tax Record2024$17,589 ($1,466 / month)
Home Facts
Total Finished SqFt4,480 SqFtAbove Grade Finished SqFt4,480 SqFtLot Size7,227 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningLAR3CountyLOS ANGELESAPN2786-024-034

Schools near 18356 Napa Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Cantara Street Elementary School
PublicK to 5

Northridge Middle School
Public6 to 8

Northridge Academy High
Public9 to 12

Valley Academy Of Arts And Sciences
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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18356 Napa Street is a multi-family home for sale in Northridge, CA 91325. This property was listed for sale on October 16, 2024 by Beverly and Company Inc., it's currently listed at $4,350,000. It has been on the market for a total of 67 days and was last sold on October 14, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Cantara Street Elementary School, Northridge Middle School and Northridge Academy High. 18356 Napa Street is a 20-bed, 8-bath, multi-family home built in 1986.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Beverly and Company Inc., Jason Vollmer, DRE #01947472

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.