$3,975,000
 $21,339 est/mo Sourced by Back At You

18356 Napa Street,Northridge, CA 91325

Northridge, CA 91325

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Description

Value-Add 16-Unit Multifamily Investment in Northridge. 18356-18360 Napa Street presents an exceptional opportunity to acquire a well-maintained 16-unit multifamily asset consisting of two buildings on separate lots with approximately 8,960 SF of rentable space on a combined 14,400 SF lot. The property features an attractive unit mix of twelve 1-bedroom/1-bath units and four 2-bedroom/1-bath units, 24 parking spaces, shared laundry, and a reported non-RSO status. Built in 1986, the property has benefited from meaningful capital improvements including copper plumbing throughout and the mainline, two newer water heaters, a roof tune-up, and low-flow toilets. The investment offers immediate and future rental upside, with multiple units positioned for rent increases and one unit currently being remodeled/vacant. There may also be potential for an ADU at the rear, subject to buyer verification. Ideally located near CSUN, shopping, dining, entertainment, and major transportation corridors including the 101 and 405 freeways. Offered at $3,975,000, the property represents approximately a 6.28% current cap rate and 7.50% pro forma cap rate, based on the supplied rent roll and operating expenses. An excellent opportunity to acquire a well-located Northridge multifamily asset with current income, rental upside, and long-term value-add potential.

Details

MLS #226004827
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1986
Days On Site15
Listing Provided ByBeverly and Company Inc. | Jason Vollmer

Features

Bed(s)10
Bath(s) 8 Total
SQ Feet4,480
Garage24
Story(s)2
Units16
ZoningLAR3
Acreage0.17

Interior

CoolingCentral Air
Cooling Yes / NoYes
AppliancesWater Heater
Fireplace Yes / NoNo

Exterior

Security FeaturesSecurity Gate, Smoke Detectors
Construction MaterialsOther, Stucco

Parking

Parking FeaturesCovered, Driveway, Other
Garage Yes / NoYes

Utilities

SewerPublic Sewer

Area Information

StateCA
CountyLos Angeles
CityNorthridge
Zip Code91325
AreaNR Northridge
Listing VS Median (in 91325)
Price:
$3,975,000
low | high
Med:
$1,085,000
100% of Average
sqft:
4,480
low | high
Med:
1,527
100% of Average
$ / sqft:
$887
low | high
Med:
$711
69.918613798586% of Average
On site:
15
low | high
Med:
38
39.473684210526% of Average
Sourced by Back At You

Market Activity 91325

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Additional Information

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Contact

Learn More About This Property

Jean Iovino

Jean Iovino

Desert Lifestyle Properties

02007087 (630) 333-7878jeansellsdesertlifestyle@gmail.com
StateCA
CountyLos Angeles
CityNorthridge
Zip Code91325
AreaNR Northridge
Listing VS Median (in 91325)
Price:
$3,975,000
low | high
Med:
$1,085,000
100% of Average
sqft:
4,480
low | high
Med:
1,527
100% of Average
$ / sqft:
$887
low | high
Med:
$711
69.918613798586% of Average
On site:
15
low | high
Med:
38
39.473684210526% of Average
Sourced by Back At You
Listing Updated: October 15, 2026 at 9:35:53 AM PDT