Residential Income – 18528 Chase St, Northridge, CA 91324, USA -001-11-30T00:00:00-08:00
The subject property is a twenty eight unit apartment building recently completed in 2017. The owner and developer took pride in constructing this contemporary, low maintenance property with attractive tenant amenities and energy efficient features. With a C
18528 Chase St, Northridge, CA 91324, USA
$10,600,000 USD
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Address18528 Chase Street, Northridge
Price$10,600,000
Year Built2017
Bedrooms Total0
Living Area32,058
Lot Size (Sq.Ft.)19,315
Listing ID17292438
StatusActive
Parcel Number2785018069
ZoningLAR3
Special ConditionsStandard
Days on Market13

Detailed Description: The subject property is a twenty eight unit apartment building recently completed in 2017. The owner and developer took pride in constructing this contemporary, low maintenance property with attractive tenant amenities and energy efficient features. With a Certificate of Occupancy issued in June 2017, the property is currently fully occupied with one year leases in place. The property is located in a solid Northridge location. Located just west of Reseda Boulevard and just north of Roscoe Boulevard, the property is adjacent to Vallarta Market and steps to Reseda Boulevard with plenty of retail, shopping and public transportation. Within walking distance of the property is Northridge Hospital Medical Center. A short driving distance away is the Cal State Northridge, Northridge Metro Link Station and the Northridge Fashion Center.

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Address Information
Address18528 Chase Street, Northridge
Street SuffixStreet
CityNorthridge
Location (MLS Area)NR – Northridge
County Or ParishLos Angeles
State or ProvinceCA
Postal Code91324
Financial Information
Price per Square Foot$330.65
Price per Lot Square Foot$548.80
Price per Unit$378,571
Special ConditionsStandard
Total Expenses$235,079
Gross Operating Income$713,191
Net Operating Income$478,113
Gross Multiplier14.41%
Land Value$1,259,548
Tax Year2000
Full Descriptions
Parcel Number2785018069
Detailed DescriptionThe subject property is a twenty eight unit apartment building recently completed in 2017. The owner and developer took pride in constructing this contemporary, low maintenance property with attractive tenant amenities and energy efficient features. With a Certificate of Occupancy issued in June 2017, the property is currently fully occupied with one year leases in place. The property is located in a solid Northridge location. Located just west of Reseda Boulevard and just north of Roscoe Boulevard, the property is adjacent to Vallarta Market and steps to Reseda Boulevard with plenty of retail, shopping and public transportation. Within walking distance of the property is Northridge Hospital Medical Center. A short driving distance away is the Cal State Northridge, Northridge Metro Link Station and the Northridge Fashion Center.
Cooling DescriptionCentral
Appliances DescriptionRefrigerator, Dishwasher
Parking FeaturesCovered Parking
Property parameters
Year Built2017
Living Area (Sq.Ft.)32,058
Lot Size (Sq.Ft.)19,315
Lot Size SourceAssessor
Number of Buildings2
Number of Units Total28
ZoningLAR3
Entry LocationElevator
Stories Total4
Units Total28
Cap Rate (For Cash Payment Only)4.51
Listed withBrett Sanson (Marcus & Millichap)