18540 Chase Street,  Northridge CA, 91324 (Residential Income)

10,728 sqft
Status: Pending
MLS#: 16162688
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Last Updated: 12/8/2016 6:17 PM
Description for 18540 Chase Street Northridge, CA 91324
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.
Price
$2,600,000
Los Angeles
10,728 (approx)
16162688
Pending
Description
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 Information
Property Type: Cluster, Other
0.35 Acres 1,552,400 sq.ft. 10,728 (approx)
$242.36 1959
12 Total
Neighborhood
Room Information
Exterior / Lot Features
Covered
LAR3
Driving Directions
101 Freeway, Exit Reseda Blvd and go North. Turn left on Chase St, property is on corner of Chase St and Amigo Ave.
Financial Considerations
2785018038
,$72,766
Listing Price History

Northridge Real Estate

Northridge is located in California. Northridge, California 91324 has a population of 61,480.

The median household income in Northridge, California 91324 is $40,654. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Northridge 91324 is 29.9 years.

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Courtesy: Marcus & Millichap Brett Sanson
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Information is deemed reliable but is not guaranteed.

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