18356 Napa Street
Northridge, CA 91325
$3,975,000
Listing Broker: Beverly and Company Inc.
Listing Agent: Jason Vollmer
DRE #01954054: 01947472
(805) 405-6006
Value-Add 16-Unit Multifamily Investment in Northridge. 18356-18360 Napa Street presents an exceptional opportunity to acquire a well-maintained 16-unit multifamily asset consisting of two buildings on separate lots with approximately 8,960 SF of rentable space on a combined 14,400 SF lot. The property features an attractive unit mix of twelve 1-bedroom/1-bath units and four 2-bedroom/1-bath units, 24 parking spaces, shared laundry, and a reported non-RSO status. Built in 1986, the property has benefited from meaningful capital improvements including copper plumbing throughout and the mainline, two newer water heaters, a roof tune-up, and low-flow toilets. The investment offers immediate and future rental upside, with multiple units positioned for rent increases and one unit currently being remodeled/vacant. There may also be potential for an ADU at the rear, subject to buyer verification. Ideally located near CSUN, shopping, dining, entertainment, and major transportation corridors including the 101 and 405 freeways. Offered at $3,975,000, the property represents approximately a 6.28% current cap rate and 7.50% pro forma cap rate, based on the supplied rent roll and operating expenses. An excellent opportunity to acquire a well-located Northridge multifamily asset with current income, rental upside, and long-term value-add potential.
| Listing Id: | 226004827 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Bathrooms Full: | 8 |
| Living Area: | 4,480 |
| Lot Size Acres: | 0.166 |
| Waterfront?: | No |
| Year Built: | 1986 |
| Appliances: | WaterHeater |
| Basement Yn: | No |
| Bathrooms Total Integer: | 8 |
| Construction Materials: | Other, Stucco |
| Cooling: | CentralAir |
| Garage?: | Yes |
| Levels: | Two, MultiSplit |
| Listing Contract Date: | 2026-10-09 |
| Lot Size Area: | 7230.0 |
| Lot Size Source: | PublicRecords |
| Net Operating Income: | $239,420 |
| Number Of Separate Electric Meters: | 16 |
| Number Of Separate Water Meters: | 2 |
| Number Of Units Leased: | 16 |
| Parking Features: | Covered, Driveway, Other |
| Property Attached?: | Yes |
| State Or Province: | CA |
| Stories: | 2 |
| Tenant Pays: | Electricity, Gas |
| Total Actual Rent: | $342,707 |
| Trash Expense: | $10,080 |
| Vacancy Allowance Rate: | 3.0 |
| Zoning: | LAR3 |
| Country Subdivision: | 06037 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06037:2786024034 |
| List Price: | $3,975,000 |
|---|---|
| Bedrooms Total: | 10 |
| Lot Size Square Feet: | 7,230.0 |
| Architectural Style: | Traditional |
| City: | Northridge |
| County Or Parish: | Los Angeles |
| Postal Code: | 91325 |
| Number Of Units Total: | 16 |
| Accessibility Features: | Other |
| Cooling?: | Yes |
| Entry Location: | Other |
| Flooring: | Wood |
| Garage Spaces: | 24.0 |
| Green Energy Efficient: | WaterHeater |
| Gross Income: | $344,518 |
| Insurance Expense: | $7,877 |
| Laundry Features: | LaundryRoom |
| Listing Terms: | Cash, CashToExistingLoan, CashToNewLoan, Conventional, Submit |
| Lot Size Acres: | 0.166 |
| Lot Size Units: | SquareFeet |
| MLS Area Major: | Nr - Northridge |
| Number Of Separate Gas Meters: | 16 |
| Operating Expense: | $103,889 |
| Original List Price: | $3,975,000 |
| Parcel Number: | 2786024034 |
| Parking Total: | 24 |
| Possession: | CloseOfEscrow |
| Postal City: | NORTHRIDGE |
| Security Features: | SecurityGate, SmokeDetectors |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard |
| Stories Total: | 2 |
| Year Built Source: | Assessor |
| Current Price: | $3,975,000.00 |
| Record Signature: | 962,352,088 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 10, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
California Regional Multiple Listing Service, Inc. data last updated on October 10, 2026 01:22 AM - PT
Property Last Updated: October 10, 2026 01:22 AM - PT
