NOT LISTED FOR SALE
5 Beds
4 Baths
12,518 Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: March 18, 2024

Last sale price $2,775,000 $222 Per Sq Ft

57 Days on Market

About This Home

As of March 2024

We are proud to present a 14 unit multifamily at 18330 Napa Street, Northridge, CA. 91325. Subject property has an excellent unit mix. There are Seven ( 1+1 ), Three ( 2+1 ), and Four ( 2+2 ). Total living area square footage is 12,518 Situated on 17,184 square footages of lot.Subject property has swimming pool, Wall AC, and laundry facilities. This is a value-add property, especially with rents being as low as they are. New owner will benefit from up to 70% rent increase.Potential for up-to (2) 2 Bedroom ADU's in rear of the building above the carport parking. (Buyer to do own Due Diligence).

Last Agent to Sell the Property

Akash Saini

Keller Williams Realty Calabasas Brokerage Phone: 916-704-4184 License #02010158 Listed on: 11/21/2023

Keller Williams Realty Calabasas

Last Buyer's Agent

Fabiola Munoz Rodriguez

Century 21 Allstars License #02152887

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 17,190 Sq Ft Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Home Design

  • Apartment
  • Entry on the 2nd floor

Interior Spaces

  • 12,518 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 23684
  • Assessor Parcel Number 2786024042
  • $2,400 per year additional tax assessments

Community Details

Overview

  • 14 Units
  • Valley

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,000
  • Insurance Expense $6,385
  • Trash Expense $3,548
  • Water Sewer Expense $6,018
  • Operating Expense $68,340
  • Gross Income $195,203
  • Net Operating Income $123,067

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.39 Acres

Listing Details

  • CapRate: 4.11
  • Property Attached: Yes
  • Water Sewer Expenses: 6018.00
  • Zoning: LAR3
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 2786024042
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 221.68

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3548.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 17190.00
  • Lot Size Acres: 0.3946

Multi Family

  • Electric Expense: 6000.00
  • Gross Income: 195203.00
  • Gross Multiplier: 15.78
  • Gross Scheduled Income: 195203.00
  • Insurance Expense: 6385.00
  • Lot Size Area: 17190.0000 Square Feet
  • Net Operating Income: 123067.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 68340.00
  • Rent Control: Yes
  • Total Expenses: 68340.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 1154.03
  • Tax Lot: 21
  • Tax Tract Number: 23684
  • TaxOtherAnnualAssessmentAmount: 2400.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2023
Closed on
Feb 9, 2024
Sold by
Bought by
Seller's Agent
Akash Saini
Keller Williams Realty Calabasas
Buyer's Agent
Fabiola Munoz Rodriguez
Century 21 Allstars
List Price
$2,995,000
Sold Price
$2,775,000
Premium/Discount to List
-$220,000
-7.35%
Views
65

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,090,000
Interest Rate
0.0663%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2020
Sold by
Bought by

Purchase Details

Closed on
Oct 23, 2003
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 1997
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,775,000 Usa National Title
-- None Listed On Document
-- --
-- --
$435,000 Chicago Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,090,000
Previous Owner $500,000
Previous Owner $375,000
Previous Owner $60,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/18/2024 03/18/24 Sold $2,775,000 -7.3% $222 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
11/21/2023 11/21/23 For Sale $2,995,000 -- $239 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $36,208 $2,830,500 $1,275,000 $1,555,500
2024 $10,750 $694,569 $159,663 $534,906
2023 $10,585 $680,951 $156,533 $524,418
2022 $10,181 $667,600 $153,464 $514,136
2021 $9,997 $654,510 $150,455 $504,055
2019 $9,750 $635,099 $145,994 $489,105
2018 $9,431 $622,647 $143,132 $479,515
2016 $8,844 $598,471 $137,575 $460,896
2015 $8,738 $589,482 $135,509 $453,973
2014 $8,861 $577,936 $132,855 $445,081
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23215089

California Regional Multiple Listing Service (CRMLS)
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