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)
Property Type(s):
Residential Income
|
Last Updated
|
10/19/2024
|
Year Built
|
1986
|
|
Community
|
Northridge
|
Garage Spaces
|
24.0
|
|
County
|
Los Angeles
|
Additional Details
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Water Heater |
| AREA |
Northridge |
| CONSTRUCTION |
Other, Stucco |
| GARAGE |
Covered, Driveway, Other, Yes |
| LOT |
7230 sq ft |
| PARKING |
Covered,Driveway,Other |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Traditional |
| ZONING |
LAR3 |
Location
Listed with Beverly and Company Inc.
Based on information from CRMLS as of 1/15/25 1:45 AM PST. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CRMLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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