Value-Add Investment Opportunity - 16-Unit Multifamily Property in the Heart of NorthridgeRare chance to acquire a 16-unit multifamily property in a prime Northridge location! This well-maintained asset comprises two buildings on separate lots, featuring twelve 1-bedroom, 1-bath units, and four 2-bedroom, 1-bath units. Built in 1986 and is a non RSO building, this property offers immediate upside potential for investors. Recent upgrades include two newer water heaters, copper plumbing throughout, including the mainline, and a roof tune-up. Each unit has been enhanced with low-flow toilets, optimizing water efficiency.The property provides 24 parking spaces, an attractive feature in this high-demand rental area. Additionally, there is potential for an ADU in the rear, creating an opportunity for further value-add and income generation. Located near shopping, dining, and transportation hubs, this property is perfectly positioned for long-term appreciation and stable cash flow.With Northridge seeing strong rental demand and limited opportunities like this, don't miss your chance to own this high-potential multifamily investment! (Buyer to verify possibility of ADU)
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1986
Stories: 2
Living Area: 4,480 SqFt
Listing Office:
Office Name: Beverly and Company Inc.
Office Phone: (805) 870-8448
Listing Agent: Jason Vollmer
Interior Features
Interior Information:
Appliances: Water Heater
Flooring Type: Wood
Bedroom and Bathroom Information:
Full Bathrooms: 8
Total Bedroom Count: 10
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 24 spaces
Parking: Covered, Driveway, Other
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $4,350,000
Price Per SqFt: $971/SqFt
Tax Information:
Annual Amount: $16,278
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $3.3M more than the Median Sold Price and $331/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #224004333
Listing Office:
Office Name: Beverly and Company Inc.
Office Phone: (805) 870-8448
Listing Agent: Jason Vollmer
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 8:21:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 20, 2007
Dec 20, 2007Home Sold
$2,135,000
Oct 14, 2005
Oct 14, 2005Home Sold
$1,747,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$16,278
$1,295,391
2020
$15,808
$1,282,109
2019
$15,654
$1,256,971
2018
$15,280
$1,232,325
2017
$15,280
$1,208,163
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Magnolia Science Academy 7
18355 Roscoe Blvd
Distance between this listing and this school0.31 miles
Public Charter Grades KG-5
7
/10
Cantara Street School
17950 Cantara St
Distance between this listing and this school0.70 miles
Public District Grades KG-5
4
/10
Napa Street Elementary
19010 Napa St
Distance between this listing and this school0.76 miles
Public District Grades KG-5
Nearby Schools
4
/10
Northridge Middle School
17960 Chase St
Distance between this listing and this school0.55 miles
Public District Grades 6-8
7
/10
Oliver Wendell Holmes School
9351 Paso Robles Ave
Distance between this listing and this school1.92 miles
Public District Grades 6-8
7
/10
Nobel Middle School
9950 Tampa Ave
Distance between this listing and this school2.07 miles
Public Charter Grades 6-8
Nearby Schools
7
/10
Cleveland Charter High School
8140 Vanalden Ave
Distance between this listing and this school0.98 miles
Public Charter Grades 9-12
2
/10
John R. Wooden High School
18741 Elkwood St
Distance between this listing and this school1.01 miles
Public District Grades 9-12
7
/10
Northridge Academy High School
9601 Zelzah Ave
Distance between this listing and this school1.43 miles
The neighbors living near this home have an average income of $43,699. The most common annual income of people living in Los Angeles, CA is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 18356 Napa St
What is the listing price of this property?
The listing price of 18356 Napa St property is $4,350,000.
What type of property is this?
The property 18356 Napa St is a house located in Northridge, California, 91325.
Is this property for sale now?
Active Listing: 18356 Napa St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $16,278 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 20, 2007 for $2,135,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 18356 Napa St has 10 bedrooms and 8 bathrooms.
What is the square footage of this property?
The property 18356 Napa St is 4,480 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 18356 Napa St is 1986.
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This home is located at 18356 Napa St in Northridge, CA and zip code 91325 in the The San Fernando Valley neighborhood. This 4,480 square foot home, which was built in 1986, sits on a 0.17 acre lot. Features: 10 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since October 19, 2024 and is currently priced at $4,350,000.
While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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