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17920 Schoenborn St 6 Unit Apartment Building $1,935,423 CAD ($322,571 CAD/Unit) 5.97% Cap Rate Northridge, CA 91325
Investment Highlights
- Steady demand with Cal State Northridge located nearby between students, faculty and staff.
- Resilient in economic downturns given the proximity of CSUN, as enrollment tends to remain stable or increase during tough economic times.
- Potential for higher rental yields from student demand allowing landlords to charge competitive rental rates.
- Value-add situation through increased rental values, renovations and improvements.
Executive Summary
Don't miss out on this incredible chance to invest in a lucrative multifamily property in the prime location of Northridge, CA, just moments away from CSUN. This six-unit complex boasts a fantastic potential for increased value and income. With four spacious one-bedroom, one-bathroom units, along with two and three-bedroom units ready for immediate occupancy, you have the perfect opportunity to maximize rental income from day one. Plus, with six dedicated parking spaces, convenience is assured for both tenants and owners alike. Take advantage of this exciting investment opportunity today!
Property Facts
| Price | $1,935,423 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $322,571 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.97% | Building Size | 4,962 SF |
| Gross Rent Multiplier | 12.39 | Average Occupancy | 67% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R3-1, Los Angeles - Multiple Dwelling | ||
| Price | $1,935,423 CAD |
| Price Per Unit | $322,571 CAD |
| Sale Type | Investment |
| Cap Rate | 5.97% |
| Gross Rent Multiplier | 12.39 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,962 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3-1, Los Angeles - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,048 CAD | - |
| 2+1 | 1 | $3,052 CAD | - |
| 3+2 | 1 | $3,885 CAD | - |
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Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2787-007-014 | Improvements Assessment | $875,218 CAD |
| Land Assessment | $375,079 CAD | Total Assessment | $1,250,297 CAD |
Property Taxes
Parcel Number
2787-007-014
Land Assessment
$375,079 CAD
Improvements Assessment
$875,218 CAD
Total Assessment
$1,250,297 CAD
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17920 Schoenborn St
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