The subject property is a well located, twelve unit apartment building located in the middle of the solid rental market of Northridge. Built in 1957, the property is subject to rent control. There is an excellent unit mix of four one bedroom/one-bath units and eight two-bedroom/one-bath units. Additionally, the property has all copper plumbing and is not on the list for the LA City Soft Story Seismic Retrofitting Program. Residents of the property enjoy being about one mile from Cal State University, Northridge, two miles from the Northridge MetroLink Station, as well the close proximity to The Northridge Fashion Center. Residents and prospective tenants are also attracted to the easy access to public transportation, employment and education opportunities as well of plenty of shopping, dining, and entertainment nearby. Investors should view this as an excellent opportunity to own a well located building with a great unit mix which has still has upside in the rents as units turn.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
