18550 Vincennes St 30 Unit Apartment Building For Sale Northridge, CA 91324

The Boyett Team at CBRE is pleased to present 18550 Vincennes Street, a well-positioned 30-unit apartment community in the highly desirable Northridge submarket of the San Fernando Valley. Built in 1980, the property offers investors an appealing combination of scale, operational efficiency, and meaningful rental upside in one of Los Angeles’ most stable and consistently demanded residential neighborhoods.
18550 Vincennes Street — 30 Units | Built 1980
18550 Vincennes Street is a well-positioned 30-unit community in the highly desirable Northridge submarket, offering investors a compelling blend of scale, efficiency, and meaningful upside in one of the San Fernando Valley’s most consistently demanded residential neighborhoods. Situated on a 23,998 SF lot, the single building totals 26,250 SF of rentable area and features a balanced mix of twelve 1-bed/1.5-bath units and eighteen 2-bed/2-bath units. Residents benefit from on-site laundry, a community pool, gated parking, and additional revenue generated through parking fees, with a RUBS program further supporting operational efficiency. Current average rents of $1,821 for one-bedrooms and $1,922 for two-bedrooms present approximately 22% rental upside. As a 1980 construction, the asset is exempt from the Los Angeles RSO and operates under AB 1482 (5% + CPI), supporting predictable annual rent growth and an inflationary hedge.
The Northridge location strengthens the offering considerably. Known for its wide streets, suburban character, and long-standing community identity, the neighborhood offers a quieter lifestyle while maintaining excellent connectivity across Los Angeles. The presence of California State University, Northridge (CSUN)—one of the largest public universities in the state—drives steady rental demand and anchors a vibrant mix of cultural and academic activity. Nearby amenities such as the Northridge Fashion
Center, local parks, neighborhood businesses, and convenient freeway access make this an attractive and practical home base for long-term renters. Together, these fundamentals position 18550 Vincennes Street as a stable, well-located, and operationally efficient asset with clear value-add potential.