18356 Napa StLos Angeles, CA 91325

This exceptional 16-unit apartment building presents a compelling value-add investment opportunity in the desirable Northridge neighborhood of Los Angeles, California. Situated on a 14,460 square foot lot, this property consists of two, two-story buildings totaling 8,960 square feet, built in 1986. The property features a mix of twelve one-bedroom, one-bathroom units and four two-bedroom, one-bathroom units, each enhanced with low-flow toilets. The complex offers 24 parking spaces, a significant advantage in this high-demand rental market. Recent improvements include new water heaters, updated copper plumbing throughout, including the main line, and roof maintenance. The property is zoned LAR3 and offers potential for an Accessory Dwelling Unit (ADU) in the rear, providing further upside potential for increased income and value. Currently priced at $4,350,000 ($271,875 per unit), this property boasts a 5.60% cap rate with a pro-forma cap rate of 7.32%. Its prime location near shopping, dining, and transportation ensures strong rental demand and long-term appreciation. The absence of rent control adds to its investment appeal. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving Los Angeles market. (Buyer to verify ADU feasibility). APN: 2786024034.