$1,250,000

Estimated payment $8,009/month

Total Views 5,924
6 Beds
4 Baths
4,962 Sq Ft
$252 Price per Sq Ft

About This Home

Nestled in the heart of Northridge, this well-maintained six-unit multifamily property offers a diverse unit mix of four 1-bedroom, 1-bath units, one 2-bedroom, 1-bath unit, and one spacious 3-bedroom, 2-bath unit. With a variety of layouts, the property appeals to a broad tenant base, from students and professionals to families seeking a comfortable and well-located residence.

This investment opportunity is enhanced by on-site secure carport parking, providing tenants with both convenience and peace of mind. Each unit is individually metered for gas and electricity, ensuring an efficient and cost-effective management structure. Additionally, the property boasts tremendous rental upside, making it a prime candidate for long-term appreciation and increased revenue potential.

Strategically located, Cal State University Northridge (CSUN) is just minutes away, ensuring strong rental demand from students, faculty, and staff. The property is also a short distance from Northridge Fashion Center, Northridge Costco, and a variety of shopping, dining, and entertainment options, enhancing its appeal to prospective tenants. Commuters will appreciate the easy access to the I-405 Freeway and proximity to the Northridge Transit Station, providing seamless connectivity to greater Los Angeles. Additionally, Van Nuys Airport is just a short drive away, making this an ideal location for professionals and frequent travelers.

With its prime Northridge location, strong tenant demand, and substantial rental upside, 17944 Schoenborn St presents an outstanding investment opportunity. Don’t miss the chance to own this well-positioned multifamily asset—contact us today for more details!

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Listing Agent

James Antonucci

Keller Williams Realty-Studio City Brokerage Phone: 818-381-6601 License #01822661 Listed on: 04/10/2025

Keller Williams Realty-Studio City

Co-Listing Agent

Mike Pesci

Keller Williams Studio City Brokerage Phone: 818-381-6601 License #01274379

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,322 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 4,962 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 14922
  • Assessor Parcel Number 2787007018
  • $1,142 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,800
  • Fuel Expense $2,800
  • Gardener Expense $1,500
  • Insurance Expense $4,962
  • Maintenance Expense $3,999
  • Pest Control $900
  • Trash Expense $2,160
  • Water Sewer Expense $2,800
  • New Taxes Expense $15,625
  • Operating Expense $38,746
  • Gross Income $103,065
  • Net Operating Income $61,227

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 4.90
  • Price Per Unit: 208333
  • Property Attached: Yes
  • Water Sewer Expenses: 2800.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 2787007018
  • Year Built: 1959
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 251.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Trash Expense: 2160.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7322.00
  • Lot Size Acres: 0.1681

Multi Family

  • Electric Expense: 2800.00
  • Fuel Expense: 2800.00
  • Gross Income: 103065.00
  • Gross Multiplier: 12.13
  • Gross Operating Income: 99973.00
  • Gross Scheduled Income: 103065.00
  • Insurance Expense: 4962.00
  • Laundry Income: 100.00
  • Lot Size Area: 7322.0000 Square Feet
  • Maintenance Expense: 3999.00
  • Maintenance Percent: 10.00
  • Net Operating Income: 61227.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 38746.00
  • Operating Expense Percent: 37.60
  • Rent Control: Yes
  • Total Expenses: 38746.00
  • Vacancy Allowance: 3092
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15625.00
  • Tax Census Tract: 1154.01
  • Tax Lot: 28
  • Tax Tract Number: 14922
  • TaxOtherAnnualAssessmentAmount: 1142.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 For Sale $1,250,000 +43.2% $252 / Sq Ft
05/21/2015 05/21/15 Sold $873,000 -2.9% $176 / Sq Ft
03/18/2015 03/18/15 Pending -- -- --
03/17/2015 03/17/15 For Sale $899,000 -- $181 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25079573

California Regional Multiple Listing Service (CRMLS)