0.68 Acres Lot
0.68 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25246131
HOA Y/N No
Year Built 1964
Lot Size 0.677 Acres
Property Sub-Type Apartment
Property Description
This charming 34-unit apartment community is ideally located in the heart of Northridge, one of the San Fernando Valley's most desirable rental markets. Built around a beautifully landscaped central courtyard with a sparkling pool, the property combines strong curb appeal with meaningful value-add opportunities.
Featuring a well-balanced unit mix of studios, one- and two-bedroom layouts (plus select larger units), the community appeals to a wide tenant base of students, young professionals, and small families—ensuring consistent occupancy and stable cash flow. The central pool and recreation area serve as a vibrant focal point, enhancing resident satisfaction and rental demand.
With solid fundamentals and classic construction, the property is ideally positioned for modernization. Upgrading interiors—kitchens, baths, flooring, lighting, and fixtures—offers a clear path to higher rents and improved asset value. Additional upside can be realized through utility re-billing or RUBS implementation, operational efficiencies, and amenity enhancements such as refreshed outdoor furniture, lighting, and BBQ/lounge zones.
Investor appeal is further strengthened by on-site laundry, storage, and ample surface parking, as well as proximity to CSU Northridge, major employment centers, and retail corridors. Northridge's strong rental demand and limited new supply create a compelling opportunity for both cash flow and appreciation with modest capital investment.
This is a rare opportunity to acquire a well-maintained 34-unit property in a prime Northridge location with significant upside potential through strategic renovations and management improvements.
Location
State CA
County Los Angeles
Area Nr - Northridge
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 23.0
Garage Description 23.0
Pool Community
Community Features Street Lights, Sidewalks, Valley, Pool
Total Parking Spaces 23
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2786024049
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
- 10
Darby Avenue Charter Elementary
Public | KG - 5
- 10
Balboa Gifted/High Ability Magnet Elementary School
Public | 1 - 5
- 9
Superior Street Elementary
Public | KG - 5
- 9
Beckford Charter for Enriched Studies
Public | KG - 5
- 8
Our Community Charter
Public | KG - 8
- 8
Topeka Charter School for Advanced Studies
Public | KG - 5
- 8
Sherman Oaks Center for Enriched Studies
Public | 4 - 12
- 8
Stagg Street Elementary
Public | PK - 5
- 8
Mayall Academy of Arts & Technology Magnet
Public | KG - 5
- 8
Valley Charter Elementary School
Public | KG - 5
- 7
Andasol Avenue Elementary
Public | PK - 5
- 7
Lorne Street Elementary
Public | KG - 5
- 6
Shirley Avenue School
Public | KG - 5
- 6
Calahan Community Charter
Public | KG - 5
- 6
Lemay Street Elementary
Public | KG - 5
- 6
Granada Community Charter
Public | PK - 5
- 6
Valley Alternative Magnet
Public | KG - 12
- 6
Tulsa Street Elementary
Public | KG - 5
- 5
Fullbright Elementary
Public | PK - 5
- 5
Ivy Bound Academy Math, Sci, and Tech Charter Middle School
Public | 5 - 8
- 9
Nobel Middle School
Public | 6 - 8
- 8
Oliver Wendell Holmes School
Public | 6 - 8
- 7
Magnolia Science Academy
Public | 6 - 12
- 6
James Jordan Middle School
Public | 6 - 8
- 6
Patrick Henry Middle School
Public | 6 - 8
- 6
Magnolia Science Academy 2
Public | 6 - 12
- 5
Mulholland Middle School
Public | 6 - 8
- 1
John A. Sutter Middle School
Public | 6 - 8
- 1
Northridge Middle School
Public | 6 - 8
- 0
Chaminade College Preparetory
Private | 6 - 12
- 0
Diane S. Leichman Special Education Center
Public | 6 - 12
- 0
Joaquin Miller Career and Transition Center
Public | 6 - 12
- 0
Northpoint School & Intensive Outpatient Program
Private | 6 - 12
- 10
High Tech la
Public | 9 - 12
- 9
Granada Hills High School
Public | 9 - 12
- 7
Cleveland Charter High School
Public | 9 - 12
- 7
Daniel Pearl Journalism & Communications Magnet
Public | 9 - 12
- 6
Northridge Academy High School
Public | 9 - 12
- 5
Birmingham High School
Public | 9 - 12
- 5
Valley Academy of Arts & Sciences
Public | 9 - 12
- 4
Reseda Charter High School
Public | 9 - 12
- 0
John R. Wooden High School
Public | 9 - 12
- 0
Zane Grey Continuation
Public | 9 - 12
- 0
Independence Continuation
Public | 9 - 12
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REALTOR® | License ID: 02090487