$1,425,000
18018 Schoenborn Street, Northridge 91325
3
Beds
2
Baths
4,800
Square feet
7,322
Lot Size
6
# Of Units
Listing Agent
Filip Niculete - Marcus & MillichapWe are pleased to present 18018 Schoenborn St, a 6 unit multifamily property in Northridge, CA. Built in 1958, this 4,800 square foot property sits on a 7,320 square foot lot (0.17 acres), and it boasts a strong unit mix with (4) 2 bed / 1 bath units and (2) 1 bed / 1 bath units. The property offers parking at the rear alley of the lot with 6 gated carport parking spots, 1 spot per unit. This listing provides an investor a great value-add opportunity. The current mom-and-pop owner, who's owned this property for more than 30 years, has never tried to maximize rents on the property, opting for a more relaxed approach towards the tenants to avoid management headaches. This provides the buyer an opportunity to capture this nearly 40% upside potential in rents. Also, a savvy investor could consider adding an ADU to this property where the parking is in the back alley. 18018 Schoenborn is located in a safe, family friendly neighborhood, directly across the street from Northridge Middle School and minutes from Northridge Hospital Medical Center. It's just a short drive away from California State University, Northridge (CSUN) and the Northridge Fashion Center. The property offers a great place to live for tenants who commute to work with easy access to major freeways, including the 405 and 118, facilitating easy access throughout Los Angeles and beyond.
Facts & Features
MLS® # | 24369343 |
---|---|
Price | $1,425,000 |
Bedrooms | 3 |
Bathrooms | 2.00 |
Square Footage | 4,800 |
Lot Size | 7,322 |
Year Built | 1958 |
Type | Residential Income |
Status | Active |
# Of Units | 6 |
Community Information
Address | 18018 Schoenborn Street |
---|---|
Area | NR - Northridge |
City | Northridge |
County | Los Angeles |
Zip Code | 91325 |
Amenities
Parking Spaces | 6 |
---|---|
Parking | Carport |
Garages | Carport |
Is Waterfront | No |
Has Pool | No |
Interior
Has Basement | No |
---|---|
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Additional Information
Date Listed | March 15th, 2024 |
---|---|
Days on Market | 52 |
Zoning | LAR3 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Filip Niculete |
---|---|
Office | Marcus & Millichap |