18356 Napa, Northridge, CA 91325
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
18356 Napa,Northridge, CA 91325
$3,975,000
- 10 Beds
- 8 Baths
- 4,480 sq. ft.
- Multi-family
- Active
Listed by: jason vollmer
Office: beverly and company inc.
MLS#:226004827
Source:CA_VCMLS
Price summary
- Price:$3,975,000
- Price per sq. ft.:$887.28
About this home
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....
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Home facts
- Year built:1986
- Listing ID #:226004827
- Added:1 day(s) ago
- Updated:October 10, 2026 at 03:33 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:8
- Full bathrooms:8
- Rooms Total:16
- Flooring:Wood/Wood Like
- Living area:4,480 sq. ft.
Heating and cooling
- Cooling:Central A/C, Wall or Window Units
Structure and exterior
- Year built:1986
- Building area:4,480 sq. ft.
- Lot area:0.17 Acres
- Lot Features:2 - 4 Lots, Exterior Security Lights, Fully Fenced
- Architectural Style:Traditional
- Construction Materials:Stucco
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,975,000
- Price per sq. ft.:$887.28
Parking
- Parking description:Covered Parking, Driveway
- Garage spaces:24
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