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17920 Schoenborn St 6 Unit Apartment Building $1,499,999 ($250,000/Unit) 5.55% Cap Rate Northridge, CA 91325
INVESTMENT HIGHLIGHTS
- Steady demand with Cal State Northridge located nearby between students, faculty and staff.
- Resilient in economic downturns given the proximity of CSUN, as enrollment tends to remain stable or increase during tough economic times.
- Potential for higher rental yields from student demand allowing landlords to charge competitive rental rates.
- Value-add situation through increased rental values, renovations and improvements.
EXECUTIVE SUMMARY
Don't miss out on this incredible chance to invest in a lucrative multifamily property in the prime location of Northridge, CA, just moments away from CSUN. This six-unit complex boasts a fantastic potential for increased value and income. With four spacious one-bedroom, one-bathroom units, along with two and three-bedroom units ready for immediate occupancy, you have the perfect opportunity to maximize rental income from day one. Plus, with six dedicated parking spaces, convenience is assured for both tenants and owners alike. Take advantage of this exciting investment opportunity today!
PROPERTY FACTS
| Price | $1,499,999 | Building Class | C |
| Price Per Unit | $250,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 4,962 SF |
| Cap Rate | 5.55% | Average Occupancy | 67% |
| Gross Rent Multiplier | 12.39 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1959 |
| Property Type | Multifamily | Tenancy | Single |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3-1, Los Angeles - Commercial | ||
| Price | $1,499,999 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 5.55% |
| Gross Rent Multiplier | 12.39 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,962 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1959 |
| Tenancy | Single |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3-1, Los Angeles - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Storage Space
- Kitchen
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,477 | - |
| 2+1 | 1 | $2,200 | - |
| 3+2 | 1 | $2,800 | - |
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PROPERTY TAXES
| Parcel Number | 2787-007-014 | Improvements Assessment | $620,361 |
| Land Assessment | $265,859 | Total Assessment | $886,220 |
PROPERTY TAXES
Parcel Number
2787-007-014
Land Assessment
$265,859
Improvements Assessment
$620,361
Total Assessment
$886,220
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17920 Schoenborn St
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