1980 Construction (subject to AB-1482), no City of LA rent control. Prime location one block from CSUN. Below market rent rates. Building has been newly painted and is located in a High Resource Area (SAFMR are Tier 4). Tremendous upside and opportunity on this.
Don't miss out on this newly upgraded 3 BR +2 BA Main home with a 3 BR +2 BA .BRAND NEW ADU built in year 2024 ,The fabulous, light & bright front house has updated bathroom and showers, dishwasher, recessed lighting throughout, and fresh paint (exterior and interior). Two sets of beautiful French doors lead out to the patio from the expansive living room. The front house has 3 bedrooms + 2 bathrooms. Each bedroom features mirrored closets. The front house has a 2-car garage with washer dryer hook up on the side.The newly constructed ADU built in year 2024 has all the amenities that the front house features and more! It has been built with much attention to detail. This home presents solar panels, recessed lighting, tankless water heater, wood floors, stackable washer/dryer hookups, plus more! The gorgeous white with black accented kitchen has a new stove/oven, microwave, and dishwasher. The primary bedroom has a walk-in closet and dazzling full bathroom. The ADU has a total of 3 bedrooms & 2 bathrooms. Separate mailing address, separate gas and power from the front house (only shares water).Don't miss your opportunity to own this (appx.) 2,500 sq ft. property with a total of 6 bedrooms and 4 bathrooms! With a separate entrance and paved parking available for the ADU, the property was built with the potential for rental income.
We are pleased to exclusively present Northridge Manor and Northridge Chalet, a rare opportunity to acquire a value-add portfolio of 54 units located at 18551 and 18540 Prairie Street in Northridge, California. This unique offering includes two adjacent mid-century properties situated in the heart of Northridge, just blocks away from California State University, Northridge (CSUN), making them ideal investments for value-add strategies. Built in the 1960s and available on the open market for the first time, the properties are located on a combined 48,090-square-foot lot and consist of two two-story buildings featuring an expansive interior courtyard, a swimming pool, parking for each unit, and shared on-site laundry facilities. The desirable unit mix includes 2 studio apartments, 34 one-bedroom/one-bathroom units, 6 two-bedroom/1.5-bathroom units, and 12 two-bedroom/two-bathroom units. Recent improvements, such as soft-story retrofitting, upgraded copper plumbing, electrical subpanel upgrades, and new heating systems, ensure long-term operational stability. With most units in classic or moderately renovated condition, investors have the opportunity to capture approximately 21% upside in rents by implementing high-end finishes that are sought after by modern renters and CSUN students. Located near CSUN, the properties enjoy proximity to the Northridge Fashion Center, the Valley Performing Arts Center, Matador Bowl, and Porter Valley Country Club. This strategic location fosters steady tenant demand from students, professionals, and families. With strong intrinsic value, untapped rental upside, and an exceptional location, Northridge Manor and Northridge Chalet represent a premier opportunity in one of the San Fernando Valley's most desirable rental markets.
We are pleased to exclusively present Northridge Manor and Northridge Chalet, a rare opportunity to acquire a value-add portfolio of 54 units located at 18551 and 18540 Prairie Street in Northridge, California. This unique offering includes two adjacent mid-century properties situated in the heart of Northridge, just blocks away from California State University, Northridge (CSUN), making them ideal investments for value-add strategies. Built in the 1960s and available on the open market for the first time, the properties are located on a combined 48,090-square-foot lot and consist of two two-story buildings featuring an expansive interior courtyard, a swimming pool, parking for each unit, and shared on-site laundry facilities. The desirable unit mix includes 2 studio apartments, 34 one-bedroom/one-bathroom units, 6 two-bedroom/1.5-bathroom units, and 12 two-bedroom/two-bathroom units. Recent improvements, such as soft-story retrofitting, upgraded copper plumbing, electrical subpanel upgrades, and new heating systems, ensure long-term operational stability. With most units in classic or moderately renovated condition, investors have the opportunity to capture approximately 21% upside in rents by implementing high-end finishes that are sought after by modern renters and CSUN students. Located near CSUN, the properties enjoy proximity to the Northridge Fashion Center, the Valley Performing Arts Center, Matador Bowl, and Porter Valley Country Club. This strategic location fosters steady tenant demand from students, professionals, and families. With strong intrinsic value, untapped rental upside, and an exceptional location, Northridge Manor and Northridge Chalet represent a premier opportunity in one of the San Fernando Valley's most desirable rental markets.
Excellent property, Multifamily 6 units building, located in the great area of Northridge, close to everything. Endless possibilities. Live in one and rent the others. Family friendly Neiborhood. Minutes away from California State University, steps to Northridge Middle School, minutes to Northridge Hospital Medical Center, short distance to Northridge Mall. Easy access to bus and freeways. Convenient location. Don't miss out this great opportunity!!
A Dream Come True. This Property keeps on Giving. 3 UNITS. Total 6 Bedrooms and 4 Baths. 2436 sqft of Structure and 9480 sqft of LOT Size. Multi-Unit Investment Opportunity. Main House is 2 Bedroom 1 Bath with a HUGE Backyard the size of a Park. Feel the Zen and Serenity and hear the Lovely birds chirping. Newly renovated with stainless steel appliances. Open Floor plan with Lots of Sunlight. Wood flooring, Central AC & Heating. Washer/Dryer/Refrigerator included. Tankless water heater. Paid off Solar panels installed in 2016. Main House is currently Vacant but previously, it was being leased for $3475. The ADU is 2 Bedrooms, 2 Baths, 862 Sqft, Built in 2021. ADU address is 8448 Calvin. ADU has a Private entrance and a separate backyard. Washer and Dryer inside the Unit. Tankless water heater, Double Pane windows. Partial High Ceilings. ADU is currently leased for $2875. The 3rd separate Unit Known as the "Private Suite", was Built in 2016. This unit is 2 Bedrooms and 1 Bath and has its own Private Entrance and backyard. The Private Suite is currently leased for $2540. Perfect for owner user or Investor. Potential Rental income $9000/Month. Tenants pay for All Utilities. Sky is the limit with this property. Welcome to your Oasis. Prime Location near CSUN, Costco, Porto's Bakery, Northridge Mall, 24-Hour Fitness, Parks, Restaurants, In-N-Out and Much more. U-Shaped, Gated driveway with 2 automated Doors. Make this a Perfect place to call Home. You will LOVE this place.
This 17-unit residence is in a high-demand area conveniently located across from Northridge Middle School and Northridge Early Education Center and within walking distance of CSUN and Northridge Hospital. It is and ideal location for students, professionals, and retirees. There is tremendous potential for the investor who converts the available units to furnished, rentals for travel nurses and traveling professors for triple the rent. This building is for the investor who is happy with a modest, steady income or the more adventurous investor who has a team ready to move in and give this semi-urban "diamond in the rough" the makeover she needs to shine.
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)
It is located in a great area with full potential, excellent light, and mixed with shaded trees. The property has incredible 2+1 units with an upside in rents. The building offers parking for the tenants (no tuck-under) and a good roof with no maintenance, making it perfect for first-time buyers and INVESTORS. The building also qualifies for residential financing, which is ideal for a first-time Buyer. The property is fully occupied, so please do not disturb the tenants!!
Unique Opportunity! One of few Four-unit properties available for sale in Northridge for the prudent investor or owner-user, with good rental upside, consisting of one Duplex and Two ADUs. Located in the heart of Northridge, minutes from CSUN and local shopping centers, and close to the 101, the 405 and the 118 freeways. The existing SFR was fully renovated with new roof, new electrical, new plumbing and new cabinetry. One more unit and Two ADUs were added. All four structures are single level and have separate electric and gas meters, new tank-less water-heaters, laundry hook-ups and central A/C system. The Two ADUs nave new solar panels. The property features a motorized security gate. The potential GOI establishes a Low Cap Rate. Owner would need to pay the water bill. The two ADUs are vacant. The two other units are occupied by owners. Available now. Current Owner/User would like to sign a year rental contract at prevailing market rates for the two occupied units, but can move out if buyer requires it. By appointment with the agent only; please do not disturb current owner/tenants.
HOUSES AND A 2 STORY ADU WITH SEPARATE STREET ADDRESSES, MAIN HOUSE IS 3-BED, 2-BATH 1,407SF, THE DETACHED ADU IS APPROXIMATELY 1,197sf WITH 3-BED, 2.5 BATH, BUILT IN 2023 WITH METICULOUS ATTENTION TO DETAILS, THIS 2 STORY HOME HAS 10' CEILING THROUGHOUT THE HOUSE, THE MASTER BEDROOM HAS LARGE PRIVATE BALCONY,,, LAMINATE FLOORING THROUGHOUT, NEW STAINLESS APPLIANCES IN THE KITCHEN, MARBLE COUNTER TOPS, PLENTY OF CABINET SPACE AND A PANTRY, SPACIOUS LIVING ROOM. BATHROOMS WITH MARBLE COUNTER TOPS, RECESSED LIGHTING THROUGHOUT. LAUNDRY ROOM IN THE ATTACHED GARAGE EQUIPPED WITH WASHER & DRYER. THE MAIN HOUSE IS 3-BED, 2BATH LOCATED ON A 9967SQ FT CORNER LOT. FRONT DOOR ENTRY OPENS TO LARGE LIVING ROOM WITH VAULTED CEILINGS AND A FIREPLACE, FORMAL DINING ROOM. LARGE MASTE BEDROOM WITH VAULTED CEILINGS OWN BATHROOM, SPACIOUS KITCHEN OFFERS TILE COUNTERTOPS AND BACKSPLASH. THE OTHER 2 BEDROOMS ALSO HAVE VAULTED CEILINGS, ONE OF THE BEDROOM ALSO HAVE A SEPARATE ENTRY FROM BACK YARD.., LOCATED CLOSE TO CSUN,
Northridge is located in California.
