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    18321 18325 Malden Street

    Northridge, CA 91325
    • $3,850,000
    • STATUS: Active Under Contract
    • ON SITE: 83 days
    • ID#: SR21089981
    Under Contract
    UPDATED: 51 min ago
    $3,850,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    A prime dual parcel real estate opportunity in the coveted city of Northridge. 18321-18325 Malden St is a stabilized apartment complex comprised of 16 individual units that are all separately metered, attached carports accessible through a communal driveway, and an onsite communal laundry room with water heater accessibility plus an extra boost to the property income. The retrofit was completed in 2019 and a new roof was installed in 2016 to make this asset stable for many years to come. Loyal tenants enjoy the close proximity to plenty of local business, shops, and restaurants plus close distance to CSUN, Northridge hospital and Northridge Middle School. Its a high demand location property with a strong cashflow!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-28T19:36:51.893. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/116798985
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    18321 18325 Malden Street Northridge, CA 91325

    • Price: $3,850,000
    • Status: Active Under Contract
    • Updated: 51 min ago
    • ID#: SR21089981
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    1959
    Built
    Neighborhood:
    NR - Northridge
    County:
    Los Angeles
    Area:
    NR - Northridge
    Property Description
    A prime dual parcel real estate opportunity in the coveted city of Northridge. 18321-18325 Malden St is a stabilized apartment complex comprised of 16 individual units that are all separately metered, attached carports accessible through a communal driveway, and an onsite communal laundry room with water heater accessibility plus an extra boost to the property income. The retrofit was completed in 2019 and a new roof was installed in 2016 to make this asset stable for many years to come. Loyal tenants enjoy the close proximity to plenty of local business, shops, and restaurants plus close distance to CSUN, Northridge hospital and Northridge Middle School. Its a high demand location property with a strong cashflow!
    Exterior Features

    Carport Spaces 14 Carport YN Yes Lot Features Rectangular Lot Number Of Separate Electric Meters 16 Parking Features Carport Parking Total 14 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Common Interest Community Apartment Community Features Sidewalks Electric Expense 849 Fuel Expense 1246 Garage YN No Gross Income 238839 Gross Scheduled Income 238839 Insurance Expense 4654 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 102374 New Construction YN No New Taxes Expense 24904 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 16 Operating Expense 136464 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Unknown Special Listing Conditions Standard Trash Expense 1885 Water Sewer Expense 3164 Water Source Public Zoning Lar3

    Listing provided courtesy of Blas Fernandez of Johnhart Real Estate and Sonia Avila of Johnhart Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-28T19:36:51.893. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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