17920 Schoenborn St
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17920 Schoenborn St
6 Unit Block of Flats £1,204,973 (£200,829/Unit) 5.41% Net Initial Yield Northridge, CA 91325
Investment Highlights
- Steady demand with Cal State Northridge located nearby between students, faculty and staff.
- Resilient in economic downturns given the proximity of CSUN, as enrollment tends to remain stable or increase during tough economic times.
- Potential for higher rental yields from student demand allowing landlords to charge competitive rental rates.
- Value-add situation through increased rental values, renovations and improvements.
Executive Summary
Don't miss out on this incredible chance to invest in a lucrative multifamily property in the prime location of Northridge, CA, just moments away from CSUN. This six-unit complex boasts a fantastic potential for increased value and income. With four spacious one-bedroom, one-bathroom units, along with two and three-bedroom units ready for immediate occupancy, you have the perfect opportunity to maximize rental income from day one. Plus, with six dedicated parking spaces, convenience is assured for both tenants and owners alike. Take advantage of this exciting investment opportunity today!
Property Facts
| Price | £1,204,973 | Building Class | C |
| Price Per Unit | £200,829 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 4,962 SF |
| Net Initial Yield | 5.41% | Average Occupancy | 67% |
| Gross Rent Multiplier | 12.39 | Number of Floors | 2 |
| No. Units | 6 | Year Built | 1959 |
| Property Type | Residential | Tenancy | Single |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low Rise |
| Price | £1,204,973 |
| Price Per Unit | £200,829 |
| Sale Type | Investment |
| Net Initial Yield | 5.41% |
| Gross Rent Multiplier | 12.39 |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,962 SF |
| Average Occupancy | 67% |
| Number of Floors | 2 |
| Year Built | 1959 |
| Tenancy | Single |
| Parking Ratio | 1/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | £1,155 | - |
| 2+1 | 1 | £1,721 | - |
| 3+2 | 1 | £2,191 | - |
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PROPERTY TAXES
| Parcel Number | 2787-007-014 | Improvements Assessment | £475,885 |
| Land Assessment | £203,943 | Total Assessment | £679,828 |
PROPERTY TAXES
Parcel Number
2787-007-014
Land Assessment
£203,943
Improvements Assessment
£475,885
Total Assessment
£679,828
zoning
| Zoning Code | R3-1, Los Angeles (Commercial) |
| R3-1, Los Angeles (Commercial) |
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17920 Schoenborn St
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