Northridge, CA 91324 18528 Chase Street
$9,995,000
19 more
Presented By: Brett Sanson with Marcus & Millichap;
Home Details
We are proud to present a 28-unit apartment building built in 2017. The developer took pride in constructing thiscontemporary, low maintenance property with attractive tenant amenities and energy efficient features. There is an excellent unit mixof 18- Three Bedroom/Two Bath, 5 - Two Bed/Two Bath, 1 Two Bedroom/One Bath and 4 One Bedroom/One Bath Units.The property is located in a solid Northridge location. Located just west of Reseda Boulevard and just north of Roscoe Boulevard, the propertyis adjacent to Vallarta Market and steps to Reseda Boulevard with plenty of retail, shopping and public transportation. Within walking distanceof the property is Northridge Hospital Medical Center. A short driving distance away is the Cal State Northridge, Northridge Metro Link Stationand the Northridge Fashion Center.The Units are spacious and have slab quartz countertops, dishwasher, stove, oven, microwave, refrigerator, soft close cabinets, laminate plankflooring, ample closet space, LED lighting, central A/C and heat, wired for internet, satellite and cable TV, recessed lighting, and balconies.Tenants are attracted to the property with amenities such as a recreation room (with couches, desk and laundry machines), gated two cartandem parking, bike racks, intercom entrance, parcel lockers, two elevators, trash and recycle chutes and On-Site Laundry.***Please note:There is a 29th non conforming studio unit, that could potentially be converted to an ADU. (Buyer to verify). There are no low/moderate income restricted units, however the property is subject to LA City Rent Stabilization ordinance (RSO). (Buyer to verify.)
Presented By: Brett Sanson with Marcus & Millichap;
Interior Features for 18528 Chase Street
Bedrooms
Total Bedrooms70
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths54
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Total Stories
General for 18528 Chase Street
Additional Parcels Y/NNo
AppliancesDishwasher
Attached Garage No
Cap Rate5.25
Carport Y/NNo
CityNorthridge
CoolingCentralAir
CountyLos Angeles
Days on Market38
Directions101 Freeway to Reseda Blvd. Go North to Chase St, turn Left. Property on Left side
DisclosuresRentControl
Full Baths
Garage Y/NNo
Gross Income860680.0
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet19339.0
Lot Size UnitsSquareFeet
MLS AreaNR - Northridge
MobileHomeRemainsYNNo
Net Operating Income524339.0
New ConstructionNo
NumberOfUnitsTotal28
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
View Y/NNo
Waterfront Y/NNo
Year Built2017
Year Built SourceAssessor
ZoningLAR3
Exterior for 18528 Chase Street
Building Area Total32058.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.444
Lot Size Area19339.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCovered, Gated
SpaNo
Total Parking52.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480