Property
Beds
10
Full Baths
8
1/2 Baths
None
Year Built
1986
Sq.Footage
4,480
Value-Add Investment Opportunity - 16-Unit Multifamily Property in the Heart of NorthridgeRare 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 is a non RSO building, 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)
Features & Amenities
Interior
-
Total Bedrooms
10
-
Bathrooms
8
-
Cooling YN
YES
-
Cooling
N/A
-
Fireplace YN
NO
Exterior
-
Garage
Yes
-
Garage spaces
24
-
Construction Materials
Other, Stucco
-
Parking
Covered, Driveway, Other
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.166
-
Property Type
Residential Income
-
Architectural Style
Traditional
Price
-
Sales Price
$4,300,000
-
Sq. Footage
4, 480
-
Price/SqFt
$959
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Jason Vollmer , Beverly and Company Inc.
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