18540 Prairie St | Northridge, CA 91324
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
18540 Prairie St
Northridge, CA 91324
Prime CSUN | Below-Market Assumable Financing · Multifamily Property For Sale
·
28 Units
INVESTMENT HIGHLIGHTS
- Assumable Chase Bank Loan: $3,750,000 balance at 4.83 percent fixed, 7-Year term with 5 years interest-only; I/O expires 12/1/2027.
- Strong Rent Upside: ~12 percent upside through unit renovations; additional upside if repositioned as CSUN student housing with per-bedroom rents.
- On-Site Amenities: Gated swimming pool, spacious interior courtyard, assigned parking, and laundry facilities.
- Rare Family Sale: Built in the 1960s by the seller’s grandfather and never before sold - a generational asset in Northridge.
- ADU Development Potential: Rear layout and lot depth offer potential to add Accessory Dwelling Units (buyer to verify).
- Well-Equipped Interiors: All units include A/C and heating, oven/range, full kitchens, high-speed internet, and tub/shower setups.
PROPERTY FACTS
| No. Units | 28 | Lot Size | 1.10 AC |
| Property Type | Multifamily | Building Size | 43,899 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 0.64/1,000 SF |
| Zoning | R3 - Residential | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 43,899 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.64/1,000 SF |
| Zoning | R3 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Window Coverings
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 600 |
| 1+1 | 10 | - | 800 - 900 |
| 2+2 | 16 | - | 1,060 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,198,894 | |
| Land Assessment | $243,646 | Total Assessment | $1,442,540 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$243,646
Improvements Assessment
$1,198,894
Total Assessment
$1,442,540
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
