18018 Schoenborn Street, Northridge

$1,425,000

Click the arrows next to the image to browse our photo gallery for this property.

3 Beds
2 Baths
4,800 Sqft
.17 Acre
0 Garage

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.

Essential Information

MLS® #
24369343
Price
$1,425,000
Bedrooms
3
Bathrooms
2.00
Square Footage
4,800
Acres
0.17
Year Built
1958
Type
Residential Income
Status
Active

Community Information

Address
18018 Schoenborn Street
Area
NR - Northridge
City
Northridge
County
Los Angeles
Zip Code
91325
Senior Community
N

Amenities

Parking Spaces
6
Parking
Carport
Garages
Carport

Interior

# of Stories
2
Stories
Two

Additional Information

Date Listed
March 15th, 2024
Days on Market
51
Zoning
LAR3

Listing Details

Agent
Filip Niculete
Office
Marcus & Millichap

LISTING MAP

Get directions to this property:

Properties for Sale Similar to 18018 Schoenborn Street, Northridge

Based on information from California Regional Multiple Listing Service, Inc. as of May 5th, 2024 at 1:40am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.