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18356 Napa St 16 Unit Apartment Building $5,744,256 CAD ($359,016 CAD/Unit) 6.37% Cap Rate Northridge, CA 91325
Investment Highlights
- 16-unit multifamily asset (8,960 SF on 14,400 SF lot) with a well-maintained, low-rise garden-style layout and strong tenant appeal
- Stable income with value-add upside through interior upgrades and rental repositioning in a high-demand submarket
- Prime Northridge location near CSUN, major retail/dining, and easy access to the 101 & 405 freeways, driving consistent rental demand
Executive Summary
Exceptional investment opportunity in the heart of Northridge. Located at 18356–18360 Napa Street, this well-maintained multifamily property consists of 16 total units across two buildings, offering a combined 8,960 square feet of rentable space situated on a 14,400 square foot lot.
Constructed in the mid-1980s, the property features a desirable low-rise, garden-style layout with efficient unit configurations that appeal to a strong and consistent tenant base. Amenities include on-site parking, private balconies in select units, and shared laundry facilities.
Positioned in a high-demand rental market, the property benefits from close proximity to California State University, Northridge, major shopping centers, dining, and convenient access to the 101 and 405 freeways. This location continues to attract students, professionals, and long-term renters alike.
With solid in-place income and upside potential through interior upgrades and rental repositioning, this asset presents an excellent opportunity for both seasoned investors and those seeking to expand their multifamily portfolio in a stable, growth-oriented submarket.
Constructed in the mid-1980s, the property features a desirable low-rise, garden-style layout with efficient unit configurations that appeal to a strong and consistent tenant base. Amenities include on-site parking, private balconies in select units, and shared laundry facilities.
Positioned in a high-demand rental market, the property benefits from close proximity to California State University, Northridge, major shopping centers, dining, and convenient access to the 101 and 405 freeways. This location continues to attract students, professionals, and long-term renters alike.
With solid in-place income and upside potential through interior upgrades and rental repositioning, this asset presents an excellent opportunity for both seasoned investors and those seeking to expand their multifamily portfolio in a stable, growth-oriented submarket.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,744,256 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $359,016 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 6.37% | Building Size | 8,960 SF |
| Gross Rent Multiplier | 11.12 | Average Occupancy | 94% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 2.68/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $5,744,256 CAD |
| Price Per Unit | $359,016 CAD |
| Sale Type | Investment |
| Cap Rate | 6.37% |
| Gross Rent Multiplier | 11.12 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 8,960 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 2.68/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $2,599 CAD | 550 |
| 2+1 | 4 | $3,282 CAD | 1,100 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $3,841,132 CAD (2025) | |
| Land Assessment | $2,042,010 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,799,122 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$2,042,010 CAD (2025)
Improvements Assessment
$1,799,122 CAD (2025)
Total Assessment
$3,841,132 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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18356 Napa St
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