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!!
We are proud to exclusively present a multifamily opportunity to acquire two apartment buildings located at 19236 and 19248 Parthenia Street in the city of Northridge. Situated next to one another, both properties are on the southeast corner of Parthenia and Tampa. The highly desirable location in Northridge provides easy access to the 118, 405 and 101 Freeways and are in a just a short 5-minute drive to popular restaurants, shopping centers, and top-ranked educational institutions. Located in the heart of Northridge, the properties are near Cal State University Northridge, the Metrolink Northridge Station, the Northridge Fashion Center, and Northridge Hospital. 19236 and 19248 Parthenia Street offer convenient access to the neighboring cities within the San Fernando Valley, Los Angeles County and Ventura County and is conveniently positioned with just a short drive to Burbank, Calabasas, North Hollywood and Glendale. Significant local landmarks within a 20-mile radius include: Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. Totaling 36-units, 19236 and 19248 Parthenia Street are well-maintained, 2-story properties, built in 1962. A double lot situated on ±39,298 square feet of land and a total building size of ±31,454 square feet, the properties features a unique unit mix of one-bed/one-bathroom, two-bed/two-bathroom, and three-bed/two-bathroom units averaging 874 gross square feet. Many units have been upgraded with modern finishes. All units feature high-speed Internet access, wall air conditioning and heating, ceiling fans, vertical blinds and kitchens with quality appliances. The building features on-site laundry, carport parking and a pool with mature landscaping.
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.
Great Assumable Financing: 4.78% Rate, Interest Only, 43% LTV
Great Assumable Financing: 4.78% Rate, Interest Only, 45% LTV
The median home value in Northridge, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Northridge, CA is $912,500. Approximately 33.96% of Northridge homes are owned, compared to 58.13% rented, while 7.92% are vacant. Northridge real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Northridge real estate agent to arrange a tour today!
Northridge 91324 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.