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Northridge House 18350 Napa St 34 Unit Apartment Building $6,120,000 ($180,000/Unit) 6% Cap Rate Northridge, CA 91325
INVESTMENT HIGHLIGHTS
- Excellent Northridge Location
- Good Unit Mix
- Great Upside Potential
EXECUTIVE SUMMARY
Price reduction! This 34 Unit Multi-Family building is on the market for the first time in many years. Retrofitted and ready to go. Great upside potential and a great investment opportunity.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Cable Ready
- Storage Space
- Heating
- Oven
- Range
- Tub/Shower
- Carpet
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | $8,938 | 500 |
| 1+1 | 13 | $13,933 | 650 |
| 2+1 | 7 | $12,188 | 800 |
| 2+2 | 2 | $14,560 | 850 |
| 3+2 | 2 | $29,900 | 925 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 2786-024-049 | Total Assessment | $2,827,872 |
| Land Assessment | $1,115,212 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,712,660 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
2786-024-049
Land Assessment
$1,115,212
Improvements Assessment
$1,712,660
Total Assessment
$2,827,872
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Northridge House | 18350 Napa St
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