CA > Northridge (los Angeles)
Northridge (los Angeles), CA 91324,18540 Prairie Street
Northridge (los Angeles), CA 91324,18540 Prairie Street
Northridge (los Angeles), CA 91324,18540 Prairie Street
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$12,600,000
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43,899 SqFt
Active

18540 Prairie Street Northridge (los Angeles), CA 91324

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

UPDATED:

01/24/2025 02:02 PM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 43,899 sqft

Price per Sqft $287

MLS Listing ID CL25485207

HOA Y/N No

Year Built 1965

Lot Size 1.100 Acres

Acres 1.1

Property Sub-Type Other

Property Description

We are pleased to exclusively present Northridge Manor and Northridge Chalet, a rare opportunity to acquire a value-add portfolio of 54 units located at 18551 and 18540 Prairie Street in Northridge, California. This unique offering includes two adjacent mid-century properties situated in the heart of Northridge, just blocks away from California State University, Northridge (CSUN), making them ideal investments for value-add strategies. Built in the 1960s and available on the open market for the first time, the properties are located on a combined 48,090-square-foot lot and consist of two two-story buildings featuring an expansive interior courtyard, a swimming pool, parking for each unit, and shared on-site laundry facilities. The desirable unit mix includes 2 studio apartments, 34 one-bedroom/one-bathroom units, 6 two-bedroom/1.5-bathroom units, and 12 two-bedroom/two-bathroom units. Recent improvements, such as soft-story retrofitting, upgraded copper plumbing, electrical subpanel upgrades, and new heating systems, ensure long-term operational stability. With most units in classic or moderately renovated condition, investors have the opportunity to capture approximately 21% upside in rents by implementing high-end finishes that are sought after by modern renters and CSUN studen

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Heating Floor Furnace

Fireplace No

Building

New Construction No

Others

Tax ID 2763009009

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Filip Niculete • Marcus & Millichap

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Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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