18724 Chase Street

    Northridge, CA 91324
    • $850,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: WS19005960
    UPDATED: 29 min ago
    $850,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,484
      SQFT
    • $244
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Ratings & Info

    Description

    This is a great opportunity to purchase a single family income property at 10% Current CAP Rate+GG previously used as a senior care facility. This property is conveniently located 5 minutes from Cal State University Northridge. Cal State Northridge+GGs current enrollment has grown to 39,816 students and there is an ever-increasing demand for student housing and apartment rental space in this desirable area. Cal State Northridge is the second largest student body in the 23 campus of California State University system. CSUN is also one of the largest comprehensive universities in the State of California (behind UCLA and Cal State Fullerton). Given the location of the property located in the heart of Northridge, accessibility to attractive local area amenities such as Costco, Northridge fashion mall, Target, and Starbucks, and opportunity to increase rental income, this investment presents an excellent opportunity for an investor to acquire a property that is already generating high cash flow.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-01-21T21:28:30.65. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/90717203

    18724 Chase Street Northridge, CA 91324

    • Price: $850,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: WS19005960
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    3,484
    SQFT
    $244
    $/SQFT
    1966
    Built
    Neighborhood:
    NR - Northridge
    County:
    Los Angeles
    Area:
    NR - Northridge
    Property Description
    This is a great opportunity to purchase a single family income property at 10% Current CAP Rate+GG previously used as a senior care facility. This property is conveniently located 5 minutes from Cal State University Northridge. Cal State Northridge+GGs current enrollment has grown to 39,816 students and there is an ever-increasing demand for student housing and apartment rental space in this desirable area. Cal State Northridge is the second largest student body in the 23 campus of California State University system. CSUN is also one of the largest comprehensive universities in the State of California (behind UCLA and Cal State Fullerton). Given the location of the property located in the heart of Northridge, accessibility to attractive local area amenities such as Costco, Northridge fashion mall, Target, and Starbucks, and opportunity to increase rental income, this investment presents an excellent opportunity for an investor to acquire a property that is already generating high cash flow.
    Exterior Features

    Garage Spaces 2.00 Lot Features No Landscaping Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features Private Pool Private YN Yes Property Attached YN No

    Interior Features

    Appliances Gas Stove Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Cooling YN Yes Fireplace Features BathBonus RoomDining RoomLiving RoomMaster Bedroom Fireplace YN Yes Heating Central Furnace Heating YN Yes Laundry Features In Kitchen Levels One

    Property Features

    Accessibility Features Parking Additional Parcels YN No Building Area Units Square Feet Cap Rate 10.04 Community Features SidewalksStreet Lighting Country Us Electric Expense 2000.00 Elevation Units Feet Fuel Expense 540.00 Garage Income 5400.00 Gross Income 96600.00 Gross Multiplier 8.80 Gross Scheduled Income 96600.00 Insurance Expense 790.00 Land Lease YN No Laundry Income 1200.00 Laundry YN Yes Maintenance Expense 400.00 Net Operating Income 85390.00 New Construction YN No New Taxes Expense 10200.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 9 Number With Carpet 8 Number With Patio 1 Operating Expense 18410.00 Other Income1 600.00 Pool Expense 480.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 96600.00 Total Expenses 18410.00 Trash Expense 2000.00 Utilities Cable Available Water Sewer Expense 2000.00 Water Source Public Year Built Source Assessor Zoning Lars

    Listing provided courtesy of Dorothy Lee of Tfs Properties, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-01-21T21:28:30.65. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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