18356 Napa St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
18356 Napa St
16 Unit Block of Flats £3,403,658 (£212,729/Unit) 5.60% Net Initial Yield Northridge, CA 91325
Investment Highlights
- Great Location
- Value add potential
Executive Summary
Value-Add Investment Opportunity - 16-Unit Multifamily Property in the Heart of Northridge Rare 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)
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£241,589
|
£26.96
|
| Other Income |
£1,408
|
£0.16
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£242,998
|
£27.12
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£52,522
|
£5.86
|
| Net Operating Income |
£190,476
|
£21.26
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £241,589 |
| Annual Per SF | £26.96 |
| Other Income | |
|---|---|
| Annual | £1,408 |
| Annual Per SF | £0.16 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £242,998 |
| Annual Per SF | £27.12 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £52,522 |
| Annual Per SF | £5.86 |
| Net Operating Income | |
|---|---|
| Annual | £190,476 |
| Annual Per SF | £21.26 |
Property Facts
| Price | £3,403,658 | Apartment Style | Low Rise |
| Price Per Unit | £212,729 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Net Initial Yield | 5.60% | Building Size | 8,960 SF |
| No. Units | 16 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 2.68/1,000 SF |
| Price | £3,403,658 |
| Price Per Unit | £212,729 |
| Sale Type | Investment |
| Net Initial Yield | 5.60% |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 8,960 SF |
| Number of Floors | 2 |
| Year Built | 1986 |
| Parking Ratio | 2.68/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 550 - 1,100 |
| 2+1 | 4 | - | - |
1 of 1
Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,007,602 (2024) | |
| Land Assessment | £1,143,631 (2024) | Total Assessment | £2,151,232 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,143,631 (2024)
Improvements Assessment
£1,007,602 (2024)
Total Assessment
£2,151,232 (2024)
zoning
| Zoning Code | R3, Los Angeles County (Multiple Dwelling) |
| R3, Los Angeles County (Multiple Dwelling) |
-
Jason Vollmer - Beverly and Company
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Beverly and Company
18356 Napa St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.