18356 Napa Street, Northridge, CA 91325
Local realty services provided by:CENTURY 21 Classic Estates
18356 Napa Street,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.805-870-8448
MLS#:226004827
Source:CRMLS
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:14 day(s) ago
- Updated:October 24, 2026 at 11:28 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:8
- Full bathrooms:8
- Flooring:Wood
- Living area:4,480 sq. ft.
Heating and cooling
- Cooling:Central Air
- Central air:Yes
Structure and exterior
- Year built:1986
- Building area:4,480 sq. ft.
- Lot area:0.17 Acres
- Architectural Style:Traditional
- Construction Materials:Stucco
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,975,000
- Price per sq. ft.:$887.28
Features and amenities
- Amenities:Water Heater
Parking
- Total parking spaces:24
- Parking description:Covered, Driveway
- Garage:Yes
- Garage spaces:24
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