18356 Napa Street, Northridge, CA 91325 (MLS # 226004827)

Price $3,975,000
Status Active
Beds 10
Baths 8 Baths
Home size 4,480 sqft
Lot Size 7,231 sqft
Days on Market 19
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.
Property Type(s): Residential Income
Last Updated 10/9/2026 Year Built 1986
Community NR - Northridge Garage Spaces 24.0
County Los Angeles

Additional Details

AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Water Heater
AREA NR - Northridge
CONSTRUCTION Other, Stucco
GARAGE Yes
LOT 7231 sq ft
LOT DIMENSIONS 7230
PARKING Covered, Driveway, Other
SEWER Public Sewer
STORIES Two, Multi/Split
STYLE Traditional

Location

 

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Listed with Beverly and Company Inc.

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