$9,500,000
SOLD MAR 21, 2025
70 Beds
54 Baths
32,058 Sq Ft
0.44 Acres

Recently Sold

$296 Per Sq Ft

7% Below List Price

83 Days on Market

Highlights

  • Gated Parking
  • Valley Academy of Arts & Sciences Rated A-
  • Central Heating and Cooling System

About This Home

As of March 2025

We are proud to present a 28-unit apartment building built in 2017. The developer took pride in constructing thiscontemporary, low maintenance property with attractive tenant amenities and energy efficient features. There is an excellent unit mixof 18- Three Bedroom/Two Bath, 5 - Two Bed/Two Bath, 1 Two Bedroom/One Bath and 4 One Bedroom/One Bath Units.The property is located in a solid Northridge location. Located just west of Reseda Boulevard and just north of Roscoe Boulevard, the propertyis adjacent to Vallarta Market and steps to Reseda Boulevard with plenty of retail, shopping and public transportation. Within walking distanceof the property is Northridge Hospital Medical Center. A short driving distance away is the Cal State Northridge, Northridge Metro Link Stationand the Northridge Fashion Center.The Units are spacious and have slab quartz countertops, dishwasher, stove, oven, microwave, refrigerator, soft close cabinets, laminate plankflooring, ample closet space, LED lighting, central A/C and heat, wired for internet, satellite and cable TV, recessed lighting, and balconies.Tenants are attracted to the property with amenities such as a recreation room (with couches, desk and laundry machines), gated two cartandem parking, bike racks, intercom entrance, parcel lockers, two elevators, trash and recycle chutes and On-Site Laundry.***Please note:There is a 29th non conforming studio unit, that could potentially be converted to an ADU. (Buyer to verify). There are no low/moderate income restricted units, however the property is subject to LA City Rent Stabilization ordinance (RSO). (Buyer to verify.)

Last Agent to Sell the Property

Brett Sanson

Marcus & Millichap License #01387480 Listed on: 07/30/2024

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017

Home Design

  • 32,058 Sq Ft Home
  • Split Level Home

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 70 Bedrooms
  • 54 Bathrooms

Parking

  • 52 Parking Spaces
  • Covered Parking
  • Gated Parking

Additional Features

  • 0.44 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 28 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 2785-018-069

Property Details

Home Type

Multi-Family

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 32058
  • Lot Acreage: 0.4440
  • Year Built: 2017
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 70
  • Total Bathrooms: 54.00
  • Equipment: Range/Oven, Dishwasher
  • Price Per S Q F T: 311.78

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Gated, Covered Parking
  • Total Parking: 52

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 59.99
  • Assessed Improvement Value: 6887782
  • Assessed Land Percent: 40.01
  • Assessed Land Value: 4593311
  • Total Assessed Value: 11481093
  • Assessor Parcel Number: 2785-018-069
  • Lot Size Area: 19339

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.72
  • Number Of Units: 28
  • Total Annual Expense: 310767
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: none

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
07/10/2025 07/10/25 Price Changed $2,595 -7.3% $3 / Sq Ft
07/08/2025 07/08/25 Price Changed $2,800 -5.9% $3 / Sq Ft
07/02/2025 07/02/25 Price Changed $2,975 -0.8% $3 / Sq Ft
06/20/2025 06/20/25 Price Changed $3,000 -3.2% $3 / Sq Ft
06/11/2025 06/11/25 Price Changed $3,100 +14.8% $3 / Sq Ft
06/10/2025 06/10/25 For Rent $2,700 0.0% --
03/21/2025 03/21/25 Sold $9,500,000 0.0% $296 / Sq Ft
02/04/2025 02/04/25 Off Market $2,700 -- --
12/26/2024 12/26/24 Price Changed $2,700 +35.3% $3 / Sq Ft
12/03/2024 12/03/24 Price Changed $1,995 -33.4% $2 / Sq Ft
11/22/2024 11/22/24 Price Changed $2,995 +50.1% $3 / Sq Ft
10/22/2024 10/22/24 Price Changed $1,995 0.0% $2 / Sq Ft
10/22/2024 10/22/24 For Rent $1,995 0.0% --
10/21/2024 10/21/24 Pending -- -- --
09/06/2024 09/06/24 Price Changed $9,995,000 -2.0% $312 / Sq Ft
07/30/2024 07/30/24 For Sale $10,200,000 0.0% $318 / Sq Ft
06/14/2024 06/14/24 Price Changed $3,000 +50.4% $3 / Sq Ft
04/30/2024 04/30/24 Price Changed $1,995 -4.8% $2 / Sq Ft
03/09/2024 03/09/24 Price Changed $2,095 0.0% $2 / Sq Ft
03/09/2024 03/09/24 For Rent $2,095 -22.3% --
08/07/2023 08/07/23 For Rent $2,695 0.0% --
06/22/2023 06/22/23 Price Changed $2,695 0.0% $3 / Sq Ft
06/22/2023 06/22/23 For Rent $2,695 -4.6% --
03/10/2023 03/10/23 Price Changed $2,825 +44.9% $3 / Sq Ft
02/02/2023 02/02/23 Price Changed $1,950 -11.2% $2 / Sq Ft
01/24/2023 01/24/23 Price Changed $2,195 +10.0% $2 / Sq Ft
01/21/2023 01/21/23 Price Changed $1,995 -9.1% $2 / Sq Ft
01/19/2023 01/19/23 Price Changed $2,195 +10.0% $2 / Sq Ft
01/17/2023 01/17/23 Price Changed $1,995 -7.0% $2 / Sq Ft
12/06/2022 12/06/22 Price Changed $2,145 -25.9% $2 / Sq Ft
11/28/2022 11/28/22 Price Changed $2,895 +3.6% $3 / Sq Ft
11/16/2022 11/16/22 Price Changed $2,795 -5.1% $3 / Sq Ft
11/11/2022 11/11/22 Price Changed $2,945 +7.3% $3 / Sq Ft
11/10/2022 11/10/22 For Rent $2,745 0.0% --
03/08/2018 03/08/18 Sold $10,498,000 -1.0% $327 / Sq Ft
02/01/2018 02/01/18 Pending -- -- --
11/28/2017 11/28/17 For Sale $10,600,000 -- $331 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-421769

The MLS