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19236-19248 Parthenia St
Northridge, CA 91324

$8,500,000 USD

Apartments For Sale • 31,454 SF

Property Details

Property Type Apartments
Total Building Size 31,454 SF
Lot Size 0.9 AC
Building Class C
Year Built 1962
Cap Rate 3.46 %
Zoning R3, Los Angeles

41 Transit Score

76 Walk Score

                
                    Highlights
                
                                Desirable Rental Location in the City of Northridge
                            
                                36 Units on a Large ±31,454 SF Lot in a Tier 1 TOC with Potential to add ADUs
                            
                                Excellent Unit Mix Featuring One, Two and Three Bedroom Floor Plans | Generous Average Unit Size of 874 Gross Square Feet
                            
                                Value-Add Opportunity | Potential to Almost Double the Income through Interior & Exterior Renovations
                            
                                Steady Multifamily Rent Growth Year-Over-Year in Northridge
                            
                                Conveniently Located Near Cal State University Northridge, the Metrolink Northridge Station, the Northridge Fashion Center, and Northridge Hospital

Financial Summary (Actual)

Net Operating Income: $294,081 USD (2023)

Cap Rate:	3.46 %
Total Expenses:	$385,278 USD

Amenities

Air Conditioning
Courtyard
Dishwasher
Disposal
Laundry Facilities
Storage Space
Heating
Kitchen
Refrigerator
Oven
Range

Public Transportation

Commuter Rail	Drive	Walk	Distance
Northridge (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	3 min	14 min	0.7 mi
Chatsworth (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	4.4 mi
Airport	Drive	Walk	Distance
Bob Hope	24 min	-	12.7 mi
Los Angeles International	38 min	-	26.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Surface
Included in Rent:	Yes

Eric Chen 909-418-2071 CBRE, Inc.

19236-19248 Parthenia St Northridge, CA 91324