18018 Schoenborn Street
18018 Schoenborn Street
$1,425,000
10
6
4,800
4,800
$297
Description
We are pleased to present 18018 Schoenborn St, a 6 unit multifamily property in Northridge, CA. Built in 1958, this 4,800 square foot property sits on a 7,320 square foot lot (0.17 acres), and it boasts a strong unit mix with (4) 2 bed / 1 bath units and (2) 1 bed / 1 bath units. The property offers parking at the rear alley of the lot with 6 gated carport parking spots, 1 spot per unit. This listing provides an investor a great value-add opportunity. The current mom-and-pop owner, who's owned this...We are pleased to present 18018 Schoenborn St, a 6 unit multifamily property in Northridge, CA. Built in 1958, this 4,800 square foot property sits on a 7,320 square foot lot (0.17 acres), and it boasts a strong unit mix with (4) 2 bed / 1 bath units and (2) 1 bed / 1 bath units. The property offers parking at the rear alley of the lot with 6 gated carport parking spots, 1 spot per unit. This listing provides an investor a great value-add opportunity. The current mom-and-pop owner, who's owned this property for more than 30 years, has never tried to maximize rents on the property, opting for a more relaxed approach towards the tenants to avoid management headaches. This provides the buyer an opportunity to capture this nearly 40% upside potential in rents. Also, a savvy investor could consider adding an ADU to this property where the parking is in the back alley. 18018 Schoenborn is located in a safe, family friendly neighborhood, directly across the street from Northridge Middle School and minutes from Northridge Hospital Medical Center. It's just a short drive away from California State University, Northridge (CSUN) and the Northridge Fashion Center. The property offers a great place to live for tenants who commute to work with easy access to major freeways, including the 405 and 118, facilitating easy access throughout Los Angeles and beyond.
- Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap
- Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 18018 Schoenborn Street
Zoning
LAR3
Parcel Number2787006014
Total Units6.0
Living Area4800
Source Living AreaVendor Enhanced
AreaNorthridge (NR)
Vacancy Rate3%
Lot Size Area7322
Location
LISTING UPDATED: 03/23/2024 12:01 AM
Property Details for 18018 Schoenborn Street
Status | Active |
---|---|
MLS # | 24-369343 |
Days on Market | 44 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1958 |
Lot Size | 0.17 AC / 7,322 SF |
County | Los Angeles County |
Location
Building Information for 18018 Schoenborn Street
Stories2Residences-Year Built1958Building Size-Lot Size0.17 AC / 7,322 SF
Payment Calculator
$8,651 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 18018 Schoenborn Street
Property History for 18018 Schoenborn Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 18018 Schoenborn Street
Taxable ValueLand$305,554Additions$480,148Total$785,702
Tax Record2023$10,493 ($874 / month)
Home Facts
Total Finished SqFt4,800 SqFtAbove Grade Finished SqFt4,800 SqFtLot Size7,320 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningLAR3CountyLOS ANGELESAPN2787-006-014
Schools near 18018 Schoenborn Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Cantara Street Elementary School PublicK to 5 | ||
Northridge Middle School Public6 to 8 | ||
Northridge Academy High Public9 to 12 | ||
Valley Academy Of Arts And Sciences Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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