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18356 Napa Street, Northridge, CA 91325

$3,975,000 Approx. USD 10 beds, 8 baths
4,480 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Jason Vollmer | Vollmerhomes@gmail.com
Lic#: 01947472
Broker: Courtesy of Beverly and Company Inc.
Phone: (805) 405-6006

Agent Remarks

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 Details

Property type: (Multi-Family)

Status: Active

MLS# 226004827

Price: $3,975,000

Beds: 10

Baths: 8 (8 full)

Built in 1986

4,480 sqft

2 stories

0.17 acres

Lot size: 0.1660

County: Los Angeles

Property style: Traditional

Zoning: LAR3

Construction: Other,Stucco

Appliances: Water Heater

Parking description: Covered,Driveway,Other

Heating/cooling: Central Air

MLS area: NR - Northridge

Last Updated: 10/15/2026

Days On Market (DOM): 25

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This listing belongs to the NR - Northridge MLS area

The style of this listing is Traditional.
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Lat/Long: 34.226178, -118.533673.
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