17920 Schoenborn StLos Angeles, CA 91325

This exceptional six-unit apartment building presents a compelling investment opportunity in the desirable Northridge, CA neighborhood, conveniently located near California State University, Northridge. Built in 1959, this two-story, Class C property encompasses 4,962 square feet on a 9,148 square foot lot and is zoned LAR3-1. The building comprises four one-bedroom, one-bathroom units and two larger units (a mix of two and three-bedroom configurations), all currently ready for occupancy, ensuring immediate rental income generation. Six dedicated parking spaces provide ample convenience for tenants. Offered at $1,540,000, this translates to a price per unit of $256,667 and a price per square foot of $310.36. The property boasts a 5.37% capitalization rate, indicating strong potential for return on investment. This multifamily property represents a rare chance to acquire a well-situated, income-producing asset in a thriving Los Angeles market. The property's location near CSUN offers a consistent demand for rental units. This is an excellent opportunity for investors seeking immediate cash flow and long-term appreciation.