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    17920 Schoenborn St Los Angeles, CA 91325

    Sponsored
    For Sale
    $1,540,000

    Prime location, high rental income potential.

    Property size:
    4,962 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional six-unit apartment building presents a compelling investment opportunity in the desirable Northridge, CA neighborhood, conveniently located near California State University, Northridge. Built in 1959, this two-story, Class C property encompasses 4,962 square feet on a 9,148 square foot lot and is zoned LAR3-1. The building comprises four one-bedroom, one-bathroom units and two larger units (a mix of two and three-bedroom configurations), all currently ready for occupancy, ensuring immediate rental income generation. Six dedicated parking spaces provide ample convenience for tenants. Offered at $1,540,000, this translates to a price per unit of $256,667 and a price per square foot of $310.36. The property boasts a 5.37% capitalization rate, indicating strong potential for return on investment. This multifamily property represents a rare chance to acquire a well-situated, income-producing asset in a thriving Los Angeles market. The property's location near CSUN offers a consistent demand for rental units. This is an excellent opportunity for investors seeking immediate cash flow and long-term appreciation.

    Property Features for 17920 Schoenborn St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,962 SF
    Class
    C

    Building Details

    Year Built
    1959
    Stories
    2
    Units
    6

    HighLights

    • $1,540,000 asking price for a six‑unit apartment building.
    • Located in Northridge, CA, near CSUN.
    • Six units total: four one‑bedroom/one‑bathroom, and two larger units.
    • 4,962 square feet on a 9,148 square foot lot.
    • Built in 1959, two stories, C‑Class property.
    • Six dedicated parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.5238683
    Latitude
    34.221659

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, high rental income potential.
    Where is this multifamily property located?
    The property is located at 17920 Schoenborn St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,540,000.
    What are key features of this property?
    This property features: $1,540,000 asking price for a six-unit apartment building.; Located in Northridge, CA, near CSUN.; Six units total: four one-bedroom/one-bathroom, and two larger units.
    Request Owner's contact information
    17920 Schoenborn St Los Angeles, CA 91325
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    Los Angeles, CA 91325
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17920 Schoenborn St Los Angeles, CA 91325
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