Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high

18521 & 15621 Prairie Street . Northridge , CA 91324


For sale 59 unit (2) apartment buildings in Northridge, California. For additional information regarding this transaction , please contact the listing agent, Glen Scher 818-212-2808 Glen.Scher@marcusmillichap.com

Posted: 09/30/2021 3:40 pm | On HOMEiZ: 910 days | Updated: 2 years ago | Views: 415

Location Map

Property Type

Sold

Property Price

$15250000
$15250000
09/30/2021
48,944.00 Sq. Ft.
$339
45015
1.0%
3.76%
$1063932
$573400
14.00
1.25%
$190625
Under Construction

Property Location & Description

For sale 59 unit (2) apartment buildings in Northridge, California. For additional information regarding this transaction , please contact the listing agent, Glen Scher 818-212-2808 Glen.Scher@marcusmillichap.com
Rent Control
18521 Prairie St This is the first time this property has ever been on the market. The seller's father built this property in 1965. This 28 unit, 23,128 sqft multifamily property sits on a 24,034 sqft lot (0.55 acres), and it has a great unit mix of (2) Studio Units, (16) 1 Bed Units, and (10) 2 Bed units. The average unit size is over 800sqft, with all of the 2 bed units have at least 1.5 bathrooms. 18561 Prairie St This 31-unit multifamily property, built in 1966, sits on a 0.60-acre lot and has a total building area of 21,887. It also presents a strong unit mix with (3) bachelors, (4) studios, (18) 1 Bed units, (5) 2 Bed units, and (1) 3 Bed unit, with the average unit size being more than 700 sqft. This property offers its tenants on-site laundry, a swimming pool, and ample parking spots with 28 total spots (the 3 bachelor units do not get parking).
Northridge , California.
59
$262931
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
Bachelor  
 
$973
2.
0+1 
 
$1206
3.
1+1 
34 
 
$1454
4.
2+1 
 
$1577
5.
2+2 - 3+2 + 1 
12 
 
2763-004-033 & 2763-004-036
LAR3
100%
Wood & Stucco
1
1965 & 1966
Good
Rent controlled 1965

Property Information

Gated entry

Sewer

Sewer System (Public)

Parking

Off-street
On-street
No Data

Investment Overview

Investor

Energy Efficiency

No
No Data
N/A
N/A
No
No
No
No

Neighborhood lifestyle

Urban Core

More information

Listing Info

Listing ID: 2892
Sold

For Sale

$15,250,000

Listing Presented by

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