17920 Schoenborn St Los Angeles, CA 91325
- Apartment buildings
- 4,962 SF
- 0.17 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 17920 Schoenborn St
- Year built
- 1959
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 4,962 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 2787-007-014
- APU
- 2787007014
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $280,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $178,000
Market price range: $101k - $317k
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Location Insight
- Map
- Local Demand
- City
- Northridge
- County
- Los Angeles
- State
- California
- Longitude
- -118.524
- Latitude
- 34.2216
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
