18350 Napa Northridge, CA 91325
UPDATED:
Key Details
Sold Price $5,249,400
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR25246131
Sold Date 05/08/26
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
Financing Cash to New Loan
Special Listing Condition Standard
Bought with General NONMEMBER NONMEMBER MRML
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Experience Matters
Our team offers expert guidance and personalized service to make buying, selling, or investing in property smooth and stress-free. With deep market knowledge and a commitment to clear communication, we focus on achieving your real estate goals efficiently and effectively.
Trust
the best
- 100Homes for Sale
- $100000Sales Price
- 100Total Listings
- $100000Average Listing Price