Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18424 Halsted St Northridge, CA 91325-2149

    • Apartment buildings
    • 26,763 SF
    • 0.72 lot acres
    OFF-MARKET
    Last Sale
    Jun 29, 2022
    $9,100,091
    Value Estimations
    $8,115,000
    Show details
    Cap Rate Potential
    5.7%
    Apartment buildings
    Location Intelligence
    Property ID
    US10-0523570
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 18424 Halsted St

    Year built
    1970
    Construction
    WOOD
    Lot size
    0.72 lot acres
    Property size
    26,763 SF
    Zone code
    LAR3
    Property type
    Apartment buildings
    APN
    2764-008-022
    APU
    2764008022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,535,000
      ML approach
      $7,585,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,175,000
      6.5%
      $6,625,000
      7%
      $6,150,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,739,000
      Market price range: $5.81M - $8.74M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,395,000
      Current use
      AUTO REPAIR, GARAGE
      $12,380,000
      Change: +67% Conversion: Difficult
      MEDICAL BUILDING
      $12,165,000
      Change: +64% Conversion: Moderate
      OFFICE BUILDING
      $12,005,000
      Change: +62% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $8,270,000
      Change: +12% Conversion: Moderate
      WAREHOUSE, STORAGE
      $7,865,000
      Change: +6% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Northridge
    County
    Los Angeles
    State
    California
    Longitude
    -118.535
    Latitude
    34.2441
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $118,254
    $3,849,480
    $5,626,935
    $9,476,415
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $33,570,000
      213,475 SF

      9500 Zelzah Ave

      APARTMENT HOUSE (5+ UNITS) • 213,475 SF
      9500 Zelzah Ave, Northridge, CA 91325-2001
      View Details
    • Value Estimation
      $1,470,000
      10,548 SF

      17247 Roscoe Blvd

      APARTMENT HOUSE (5+ UNITS) • 10,548 SF
      17247 Roscoe Blvd, Northridge, CA 91325-4046
      View Details
    • Value Estimation
      $845,000
      4,900 SF

      18036 Schoenborn St

      APARTMENT HOUSE (5+ UNITS) • 4,900 SF
      18036 Schoenborn St, Northridge, CA 91325-3845
      View Details
    • Value Estimation
      $710,000
      4,800 SF

      18018 Schoenborn St

      APARTMENT HOUSE (5+ UNITS) • 4,800 SF
      18018 Schoenborn St, Northridge, CA 91325-3848
      View Details
    • Value Estimation
      $2,305,000
      18,067 SF

      8819 Etiwanda Ave

      APARTMENT HOUSE (5+ UNITS) • 18,067 SF
      8819 Etiwanda Ave, Northridge, CA 91325-3051
      View Details
    • Value Estimation
      $5,185,000
      35,832 SF

      17806 Kinzie St

      APARTMENT HOUSE (5+ UNITS) • 35,832 SF
      17806 Kinzie St, Northridge, CA 91325-4779
      View Details

    Similar Nearby for Sale

    • $3,900,000
      14,858 SF

      Northridge Multifamily Investment Opportunity

      17-unit apartment building near CSUN with value-add potential.
      8421 Lindley Ave, Northridge, CA 91325
      View Details
    • $7,995,000

      Northridge Multifamily Investment Opportunity

      40-unit apartment building with value-add potential in a prime location.
      8567 Balboa Blvd, Los Angeles, CA 91325
      View Details
    • $1,295,000
      4,962 SF

      Northridge Multifamily Investment Opportunity

      Multifamily property in a strong rental market.
      17926 Schoenborn St, Northridge, CA 91325
      View Details
    • $1,250,000
      4,962 SF

      Northridge Multifamily Investment Opportunity

      Six-unit apartment building in a desirable Northridge location.
      17945 Roscoe Blvd, Northridge, CA 91325
      View Details
    • $1,250,000
      4,898 SF

      Northridge Multifamily Investment Opportunity

      Well-maintained 5-unit apartment building near CSUN.
      8807 Canby Ave, Northridge, CA 91325
      View Details
    • $1,250,000
      4,898 SF

      Northridge Multifamily Investment Opportunity

      Well-maintained 5-unit apartment building near CSUN.
      8807 Canby Ave, Northridge, CA 91325
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,120 SF

      Northridge Medical Office Space

      Ground-floor clinic space in Northridge, CA, near hospital.
      18251 Roscoe Blvd, Northridge, CA 91325
      View Details
    • Contact for pricing

      Medical Office Near Northridge Hospital

      High-image medical office space in a prime Northridge location.
      18433 Roscoe Blvd, Los Angeles, CA 91325
      View Details
    • Contact for pricing
      1,120 SF

      Northridge Medical Clinic Space

      Ground-floor clinic space in Northridge, CA, near hospital.
      18251 Roscoe Blvd, Northridge, CA 91325
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial space for lease at 8648 Lindley Ave, Los Angeles.
      8648 Lindley Ave, Los Angeles, CA 91325
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18424 Halsted St
    Northridge, CA 91325-2149
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!