18356 Napa St - Apartments FOR SALE


Northridge, CA 91325
$4,200,000 USD
818-880-9900
18356 Napa St, Northridge, CA for Sale
$4,200,000 USD
Apartments - FOR SALE
1/36
null | 6.37% Cap Rate

18356 Napa St
Northridge, CA 91325


HIGHLIGHTS

  • 16-unit multifamily asset (8,960 SF on 14,400 SF lot) with a well-maintained, low-rise garden-style layout and strong tenant appeal
  • Prime Northridge location near CSUN, major retail/dining, and easy access to the 101 & 405 freeways, driving consistent rental demand
  • Stable income with value-add upside through interior upgrades and rental repositioning in a high-demand submarket

OVERVIEW

Exceptional investment opportunity in the heart of Northridge. Located at 18356–18360 Napa Street, this well-maintained multifamily property consists of 16 total units across two buildings, offering a combined 8,960 square feet of rentable space situated on a 14,400 square foot lot. Constructed in the mid-1980s, the property features a desirable low-rise, garden-style layout with efficient unit configurations that appeal to a strong and consistent tenant base. Amenities include on-site parking, private balconies in select units, and shared laundry facilities. Positioned in a high-demand rental market, the property benefits from close proximity to California State University, Northridge, major shopping centers, dining, and convenient access to the 101 and 405 freeways. This location continues to attract students, professionals, and long-term renters alike. With solid in-place income and upside potential through interior upgrades and rental repositioning, this asset presents an excellent opportunity for both seasoned investors and those seeking to expand their multifamily portfolio in a stable, growth-oriented submarket.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$469 USD /SF

# OF UNITS

16

PRICE/UNIT

$262,500

CAP RATE

6.37%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,296 SF

ZONING

LAR3

APN/PARCEL ID

2786-024-034,2786-024-038

ASK ABOUT THIS PROPERTY

Brad WisemanEquity Union CommercialMore Info
818-880-9900

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Brad WisemanEquity Union CommercialMore Info
818-880-9900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.