Thank you
Filip Niculete
Marcus & Millichap
818-212-2700
We 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.
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Total Bedrooms : 10
Total Baths: 6
Full Baths: 0
Half Baths: 0
Year Built: 1958
Building Area Total: 4,800
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1681
Lot Size Dimensions: 61x120
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7322
Original List Price: 1,425,000
Listing Contract Date: 2024-03-15
Listing Agreement: Seller Reserved
Parcel Number: 2787006014
Garage Description: Carport
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: NR - Northridge
Postal Code Plus 4: 3848
Directions: Roscoe & Lindley
Zoning: LAR3
Source Property Type: Residential Income
Area: NR - Northridge
Property Age: 66
Year Built Source: Vendor Enhanced
Total Square Feet Living: 4800
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
18175 Eccles Street, Northridge, CA,91325 | $1,170,000 | 6 | 3 | 2,234 | 9500 Sqft |
17127 Gledhill Street, Northridge, CA,91325 | $1,299,000 | 5 | 4 | 3,024 | 11710 Sqft |
8503 18105 Lindley Avenue, Northridge, CA,91325 | $1,070,000 | 4 | 3 | 1,632 | 6994 Sqft |
18000 Parthenia Street, Northridge, CA,91325 | $1,868,000 | 4 | 4 | 3,244 | 29877 Sqft |
17246 Devonshire Street, Northridge, CA,91325 | $1,099,000 | 4 | 3 | 2,494 | 10578 Sqft |
17509 Stare Street, Northridge, CA,91325 | $1,450,000 | 4 | 2 | 2,080 | 11066 Sqft |
10228 Amestoy Avenue, Northridge, CA,91325 | $1,399,000 | 4 | 2 | 2,094 | 11108 Sqft |
18256 Sunburst Street, Northridge, CA,91325 | $1,299,000 | 3 | 2 | 2,699 | 8453 Sqft |
17546 Cantara Street, Northridge, CA,91325 | $888,888 | 4 | 2 | 1,461 | 6062 Sqft |
9830 Lasaine Avenue, Northridge, CA,91325 | $1,435,000 | 5 | 3 | 3,008 | 13612 Sqft |
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ByOwner last updated this listing 05/19/2024 @ 04:17
MLS: 24369343
LISTED BY: Filip Niculete, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.