18350 Napa, Northridge, CA 91325
Local realty services provided by:CENTURY 21 LOTUS
18350 Napa,Northridge, CA 91325
$5,950,000
- - Beds
- - Baths
- 22,657 sq. ft.
- Multi-family
- Active
Listed by: brad wiseman, wynn sherman
Office: equity union818-989-2000
MLS#:SR25246131
Source:CRMLS
Price summary
- Price:$5,950,000
- Price per sq. ft.:$262.61
About this home
Rare 34-Unit Courtyard Community in Northridge — Pool, Private Courtyard & Exceptional Value-Add Potential
This charming 34-unit apartment community is ideally located in the heart of Northridge, one of the San Fernando Valley’s most desirable rental markets. Built around a beautifully landscaped central courtyard with a sparkling pool, the property combines strong curb appeal with meaningful value-add opportunities.
Featuring a well-balanced unit mix of studios, one- and two-bedroom layouts (plus select larger units), the community appeals to a wide tenant base of students, young professionals, and small families—ensuring consistent occupancy and stable cash flow. The central pool and recreation area serve as a vibrant focal point, enhancing resident satisfaction and rental demand.
With solid fundamentals and classic construction, the property is ideally positioned for modernization. Upgrading interiors—kitchens, baths, flooring, lighting, and fixtures—offers a clear path to higher rents and improved asset value. Additional upside can be realized through utility re-billing or RUBS implementation, operational efficiencies, and amenity enhancements such as refreshed outdoor furniture, lighting, and BBQ/lounge zones.
Investor appeal is further strengthened by on-site laundry, storage, and ample surface parking, as well as proximity to CSU Northridge, major employment centers, and retail corridors. Northridge’s strong rental demand and limited new supply create a compelling opportunity for both cash flow and appreciation with modest capital investment.
This is a rare opportunity to acquire a well-maintained 34-unit property in a prime Northridge location with significant upside potential through strategic renovations and management improvements....
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Home facts
- Year built:1964
- Listing ID #:SR25246131
- Added:186 day(s) ago
- Updated:May 03, 2026 at 10:43 AM
Rooms and interior
- Living area:22,657 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
Structure and exterior
- Year built:1964
- Building area:22,657 sq. ft.
- Lot area:0.68 Acres
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$5,950,000
- Price per sq. ft.:$262.61
Features and amenities
- Pool features:Community
Parking
- Total parking spaces:23
- Garage:Yes
- Garage spaces:23
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