18540 Chase Street, Northridge, CA 91324

$2,600,000 Approx. USD 23 beds, 15 baths
10,728 sqft

Agent Remarks

The subject property is a well maintained, twelve unit apartment building located on a corner in the solid rental market of Northridge. Built in 1959, the property is subject to rent control. There is an excellent unit mix of four one bedroom/one-bath units, five two-bedroom/one-bath units, one two bedroom/two bath unit and two three-bedroom/two-bath units. Residents of the property enjoy being about one mile from Cal State University, Northridge, less than one mile from the Northridge MetroLink Station as well the close proximity to The Northridge Fashion Center. Coupled with a nicely amenitized property, residents and prospective tenants are attracted to the easy access to public transportation, employment and education opportunities as well of plenty of shopping, dining, and entertainment nearby. Investors should view this as an excellent opportunity to own a well located, nicely maintained apartment building, which has still has upside in the rents as units turn.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 16-162688
List price is $2,600,000
Beds: 23
Baths: 15
Built in 1959
10,728 sqft
County: Los Angeles
Zoning: LAR3
Parking description: Covered Parking,Gated
Heating description: Wall Heater
MLS area: Northridge (NR)

Last Updated: 11/1/2016

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This listing belongs to the Northridge (NR) MLS area

The listing is zoned LAR3.
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Lat/Long: 34.224346, -118.537437.
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Broker: Courtesy of Marcus & Millichap
Listing Agent: Brett Sanson
Co Listing Agent: NonMember AgentDefault

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Out of households, are families.

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