Northridge, CA 91324 19236 Parthenia Street

19236 Parthenia Street Northridge, CA - Image 119236 Parthenia Street Northridge, CA - Image 219236 Parthenia Street Northridge, CA - Image 3
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Presented By: ERIC CHEN with CB RICHARD ELLIS; 626-757-5717
  • MLS# CV24188060
  • 09/10/2024
  • Request Tour
  • Request Info
  • Beds • 62
  • Baths • 5
  • SQFT • 31,454

Home Details

We are proud to exclusively present a multifamily opportunity to acquire two apartment buildings located at 19236 and 19248 Parthenia Street in the city of Northridge. Situated next to one another, both properties are on the southeast corner of Parthenia and Tampa. The highly desirable location in Northridge provides easy access to the 118, 405 and 101 Freeways and are in a just a short 5-minute drive to popular restaurants, shopping centers, and top-ranked educational institutions. Located in the heart of Northridge, the properties are near Cal State University Northridge, the Metrolink Northridge Station, the Northridge Fashion Center, and Northridge Hospital. 19236 and 19248 Parthenia Street offer convenient access to the neighboring cities within the San Fernando Valley, Los Angeles County and Ventura County and is conveniently positioned with just a short drive to Burbank, Calabasas, North Hollywood and Glendale. Significant local landmarks within a 20-mile radius include: Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. Totaling 36-units, 19236 and 19248 Parthenia Street are well-maintained, 2-story properties, built in 1962. A double lot situated on ±39,298 square feet of land and a total building size of ±31,454 square feet, the properties features a unique unit mix of one-bed/one-bathroom, two-bed/two-bathroom, and three-bed/two-bathroom units averaging 874 gross square feet. Many units have been upgraded with modern finishes. All units feature high-speed Internet access, wall air conditioning and heating, ceiling fans, vertical blinds and kitchens with quality appliances. The building features on-site laundry, carport parking and a pool with mature landscaping.
Presented By: ERIC CHEN with CB RICHARD ELLIS; 626-757-5717

Interior Features for 19236 Parthenia Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 19236 Parthenia Street

Additional Parcels Description0784022030
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.46
Carport Spaces36.0
Carport Y/NYes
CityNorthridge
Community FeaturesCurbs, Sidewalks, Pool
CoolingWallWindowUnits
CountyLos Angeles
Days on Market
DirectionsMerge onto I-210 W, continue on CA-134 E, continue onto US-101 N, exit on Tampa Ave., turn right on Parthenia Street
Electric Expense2510.0
Entry Location1
Fuel Expense25781.0
Garage Spaces0.0
Garage Y/NNo
Gross Income700370.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense30967.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet39298.0
Lot Size UnitsSquareFeet
MLS AreaNR - Northridge
MaintenanceExpense37308.0
MobileHomeRemainsYNNo
Net Operating Income294081.0
New ConstructionNo
Number of Units Leased36
NumberOfUnitsTotal36
Operating Expense294081.0
Pool FeaturesCommunity, InGround
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot5
Taxes$108,303
TermsCash, CashtoNewLoan
Total Actual Rent676392.0
Trash Expense17464.0
View Y/NNo
Water Sewer Expense99716.0
Waterfront Y/NNo
Year Built1962
Year Built SourceAssessor
ZoningLAR3

Exterior for 19236 Parthenia Street

Building Area Total31454.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem3640UnitsAcre
Lot Size Acres0.9022
Lot Size Area39298.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters36
Number of Separate Gas Meters36
Number of Separate Water Meters1
Open Parking Y/NNo
Pool Charge6320.0
SpaNo
Total Parking36.0
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $8,500,000
MLS#CV24188060
List Date 09/10/2024
Property Type Multi-Family
Phone 310.658.1749
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