19236 Parthenia Street

Northridge, CA 91324

$8,500,000
Price
6
Beds
54
Baths
31,454 Sq. Ft.
$270 / Sq. Ft.
31,454
Sq. Ft.
$270
per Sq. Ft.

Description

We are proud to exclusively present a multifamily opportunity to acquire two apartment buildings located at 19236 and 19248 Parthenia Street in the city of Northridge. Situated next to one another, both properties are on the southeast corner of Parthenia and Tampa. The highly desirable location in Northridge provides easy access to the 118, 405 and 101 Freeways and are in a just a short 5-minute drive to popular restaurants, shopping centers, and top-ranked educational institutions. Located in the...We are proud to exclusively present a multifamily opportunity to acquire two apartment buildings located at 19236 and 19248 Parthenia Street in the city of Northridge. Situated next to one another, both properties are on the southeast corner of Parthenia and Tampa. The highly desirable location in Northridge provides easy access to the 118, 405 and 101 Freeways and are in a just a short 5-minute drive to popular restaurants, shopping centers, and top-ranked educational institutions. Located in the heart of Northridge, the properties are near Cal State University Northridge, the Metrolink Northridge Station, the Northridge Fashion Center, and Northridge Hospital.
19236 and 19248 Parthenia Street offer convenient access to the neighboring cities within the San Fernando Valley, Los Angeles County and Ventura County and is conveniently positioned with just a short drive to Burbank, Calabasas, North Hollywood and Glendale. Significant local landmarks within a 20-mile radius include: Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. Totaling 36-units, 19236 and 19248 Parthenia Street are well-maintained, 2-story properties, built in 1962. A double lot situated on ±39,298 square feet of land and a total building size of ±31,454 square feet, the properties features a unique unit mix of one-bed/one-bathroom, two-bed/two-bathroom, and three-bed/two-bathroom units averaging 874 gross square feet. Many units have been upgraded with modern finishes. All units feature high-speed Internet access, wall air conditioning and heating, ceiling fans, vertical blinds and kitchens with quality appliances. The building features on-site laundry, carport parking and a pool with mature landscaping.
  1. Listed by ERIC CHEN • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717
  2. Listed by Joyce Goldstein • DRE #01903737 • Brokerage DRE #00409987 • CB Richard Ellis L.A. North Universal City

Property Details for 19236 Parthenia Street

Parking Spaces Total
36
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
36.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
31454
Assessor Parcel Number
2784-022-029
LISTING UPDATED: 09/10/2024 09:14 AM

Property Details for 19236 Parthenia Street

StatusActive
MLS #CV24188060
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1962
CountyLos Angeles County

Building Information for 19236 Parthenia Street

Building/Complex19236 Parthenia StFloor-Stories2Residences-Pet Policy-Year Built1962Building Size-

Property Information for 19236 Parthenia Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $700,370
  • Gross Scheduled Income: $700,370
  • Vacancy Allowance: 21011
  • Gross Operating Income: $679,359
  • Net Operating Income: $294,081
  • Laundry Income: $11,390
  • Other Income 1: $3,360
  • Other Income 2: $5,227
  • Gross Multiplier: 12.57
  • Cap Rate: 3.46
Expense Details
  • Operating Expense: $294,081
  • New Taxes Expense: $108,303
  • Gardener Expense: $4,775
  • Fuel Expense: $25,781
  • Pest Control Expense: $770
  • Pool Expense: $6,320
  • Electric Expense: $2,510
  • Insurance Expense: $30,967
  • Maintenance Expense: $37,308
  • Professional Management Expense: $85,435
  • Other Expense: $7,200
  • Other Expense Description: Reserves
  • Trash Expense: $17,464
  • Water Sewer Expense: $99,716
  • Total Expenses: $385,278
Tax / Assessment Info
  • Tax Tract Number: 25259
  • Tax Census Tract: 1153.02
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: Community, In Ground
  • Pool Description: In Ground
  • Spa Features: None
Land/Lot Info
  • Additional Parcels Description: 0784022030
  • Lot Features: 36-40 Units/Acre
  • Number Of Units: 36
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 36
Unit Information
Unit 1
  • Unit Type Units Total: 18
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,345
  • Unit Type Total Rent: $290,556
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,668
  • Unit Type Total Rent: $200,148
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,934
  • Unit Type Total Rent: $185,688
  • Unit Type Pro Forma: 2950
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 36
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 36
  • Number Of Separate Gas Meters: 36
  • Number Of Separate Water Meters: 1

Property History for 19236 Parthenia 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 19236 Parthenia Street

Taxable ValueLand$1,496,270Additions$1,225,858Total$2,722,128
Tax Record2024$35,774 ($2,981 / month)
Home Facts
Total Finished SqFt15,715 SqFtAbove Grade Finished SqFt15,715 SqFtLot Size19,698 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAR3CountyLOS ANGELESAPN2784-022-029

Schools near 19236 Parthenia 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
Napa 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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19236 Parthenia Street is a multi-family home for sale in Northridge, CA 91324. This property was listed for sale on September 10, 2024 by CB RICHARD ELLIS, it's currently listed at $8,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Napa Street Elementary School, Northridge Middle School and Northridge Academy High. 19236 Parthenia Street is a 6-bed, 54-bath, 31,454 sqft multi-family home built in 1962.

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 CB RICHARD ELLIS, ERIC CHEN, DRE #01489184; CB Richard Ellis L.A. North Universal City, Joyce Goldstein, DRE #01903737

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.