Listed by KW Commercial Studio City
$1,295,000
17926 Schoenborn St
Details
APN 2787-007-015
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,962
Net Rentable (SqFt) 4,962
Units 6
Cap Rate 5.85%
NOI $75,709
Occupancy 100%
Pro-Forma Cap Rate 7.81%
Pro-Forma NOI $101,164
Price per SqFt $261
Class C
Year Built 1959
Buildings 1
Stories 2
Lot Size (SqFt) 7,320
Zoning LAR3
Parking Spaces 6 per unit
Multifamily | 6 Units | CSUN College Nearby | Great Northridge Location
Marketing description
Located in the desirable community of Northridge, 17926 Schoenborn St presents an excellent multifamily investment opportunity in one of the San Fernando Valleys most consistently strong rental markets. Situated on a quiet residential street with convenient alley access, the property benefits from both neighborhood charm and close proximity to major retail, transportation, and employment hubs throughout the area. The property features a well-balanced six-unit unit mix consisting of four 1-Bedroom/1-Bath units, one 2-Bedroom/2-Bath unit, and one 3-Bedroom/2-Bath unit, providing a diverse range of living options that appeal to a broad tenant base including students, professionals, and families. Each unit is individually metered for gas and electric, helping reduce operating costs while allowing tenants to manage their own utility usage. Residents enjoy the convenience of on-site parking with additional storage, a valuable amenity that enhances tenant appeal and everyday practicality. The location offers outstanding access to nearby amenities including the popular Northridge Fashion Center, which features a wide variety of retail stores, dining options, and entertainment. Tenants are also within close proximity to numerous grocery stores, restaurants, and neighborhood services, making daily errands quick and convenient. Transportation and commuting options are another strong advantage, with the property located a short distance from the Northridge Metrolink Station, providing regional rail service across the greater Los Angeles area. Residents also benefit from easy access to
Listing Contacts
Listed by KW Commercial Studio City
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,709.00
$6,309.08/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
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