18315 Malden Street
Northridge, CA 91325
Gross Sq Ft:
Approx Year Built:
Price Per Unit:
Price Per Sq Ft:
8 (7 + 1 Non Conforming)
The subject Property is located at 18315 Malden Street in between Reseda Boulevard and Lindley Avenue in the city of Northridge. This charming well maintained and operated rent controlled seven unit plus one non-conforming single apartment building was built in 1959.
The unit mix consists of one non-conforming single, two singles, two one-bedroom/one-bathroom units, one two bedroom/ one-bathroom units, and two, two-bedroom/two-bathroom units. Amenities include seven parking spots and on site laundry services.
The apartment has great potential for financial growth in that its rents are approximately 20 percent below market. The subject property is located 1.3 miles from CSUN University and is within walking distance to local eateries and shopping centers as well as within minutes of the 405, 101, and 118 Freeways.
Sold at 98% of List Price
All Cash / 30 Day Close
First Time Multi-Family Buyer
Excellent Unit Mix
Over 20 Percent Upside in Rents
Located Near CSUN University
Dense Rental Pocket of Northridge
Five Tuck Under and Two Open Parking Spaces
Horizontal Copper Plumbing; Vertical Galvanized
Located Near Many Employers and Eateries
Roof Less than Ten Years Old