16-Unit Multifamily
New
For Sale
$3,975,000
18356 Napa Street, Northridge, CA 91325
Two separate buildings provide a mix of one- and two-bedroom apartments with shared laundry.
Property Size4,480 SF
Lot Size0.33 Acres
Price / SF$887.28
Days on Market7
Property Features for 18356 Napa Street
General Information
Standard status
Active
Size
4,480 SF
Net Rentable
8,960 SF
Total Parking Spaces
24
Lot size
0.33 Acres
Property subtype
Multi-family
Financials
Asking Price
$3,975,000
Cap Rate
6.28%
Units
Unit Mix
12 x 1BR/1BA, 4 x 2BR/1BA
Multifamily Units
16
Additional Details
Highway Access
Yes
Amenities
shared laundry
Building Details
Year Built
1986
Buildings
2
Listing Agency:
Beverly and Company Inc.
Listed By:
Jason Vollmer · License #01947472
(805) 405-6006
Source:
Sevengables
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 12 at 8:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beverly and Company Inc.
Investment Insights
Based on property information with market context.
This 16-unit multifamily property comprises two buildings on separate lots, with a combined lot area of 14,400 square feet. The unit mix includes twelve one-bedroom, one-bath apartments and four two-bedroom, one-bath apartments. Shared laundry and 24 parking spaces serve the property. Built in 1986, it has copper plumbing throughout and in the mainline, two newer water heaters, a roof tune-up, and low-flow toilets. One apartment is vacant and undergoing remodeling. The property is reported to have non-RSO status.
The property is in Northridge near CSUN, shopping, dining, and entertainment, with access to the 101 and 405 freeways. Based on the supplied rent roll and operating expenses, the current cap rate is 6.28%, with a pro forma cap rate of 7.50%.
The property is in Northridge near CSUN, shopping, dining, and entertainment, with access to the 101 and 405 freeways. Based on the supplied rent roll and operating expenses, the current cap rate is 6.28%, with a pro forma cap rate of 7.50%.
Key Highlights
- 16 apartments across two buildings on separate lots
- Unit mix: twelve 1‑bedroom/1‑bath apartments and four 2‑bedroom/1‑bath apartments
- Combined lot area of 14,400 square feet; 24 parking spaces
Property Analytics
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Current Use
Lease Details
16
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Explore this area
Business Placement
Demographics for 91325, CA
35,250
Population
13,668
Households
2.6
Avg Household Size
37
Median Age
42%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
7,344
Density / Sq Mi
$92,602
Median Household Income
$39,434
Median Earnings
$1,924
Median Rent
$900,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two separate buildings provide a mix of one- and two-bedroom apartments with shared laundry.
Where is this apartment building located?
The property is located at 18356 Napa Street Northridge, CA.
What is the asking price?
The asking price for this property is $3,975,000.
What are key features of this property?
This property features: 16 apartments across two buildings on separate lots; Unit mix: twelve 1‑bedroom/1‑bath apartments and four 2‑bedroom/1‑bath apartments; Combined lot area of 14,400 square feet; 24 parking spaces
