$4,200,000
18356 Napa, Northridge CA 91325
Multi-Family (16 Units)
Property type
42 days
On market
$469
Price per sqft
24 cars
Garage
1986
Year built
14,400 sqft
Lot size
Open Houses
Overview
Exceptional investment opportunity in the heart of Northridge. Located at 18356–18360 Napa Street, this well-maintained multifamily property consists of 16 total units across two buildings, offering a combined 8,960 square feet of rentable space situated on a 14,400 square foot lot. Constructed in the mid-1980s, the property features a desirable low-rise, garden-style...
Listing provided by: Brad Wiseman DRE #00780341, Equity Union, Wynn Sherman DRE #02285211, Equity Union
Listing updated: Apr 24, 2026 at 05:42pm.
Last checked: Jun 4, 2026 at 07:01pm
Source: CRMLS #SR26084303
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 12 | 1 | 1 | — | $21,000 | $252,000 | $271,860 | Unfurnished |
| 4 | 2 | 1 | — | $8,893 | $106,717 | $124,140 | Unfurnished |
# of Buildings: 2
# of Units Total: 16
Separate Electric Meters: 16
Separate Gas Meters: 16
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 15
Total Actual Rent: $335,146
Tenant Pays: Electricity
Financial Snapshot
Gross Rent Multiplier
11.1x
List Price / Annual Gross Rent
Cap Rate
6.42%
NOI / List Price
Gross Scheduled Income: $378,160
Vacancy Allowance: $11,612
Vacancy Allowance Rate: 3%
Operating Expense: $109,930
Net Operating Income: $267,618
Annual Operating Expenses
Electric: $19,761
Insurance: $6,395
Maintenance: $12,396
New Taxes: $52,500
Professional Management: $18,877
Trash: $0
Water / Sewer: $0
Interior
Heating: Forced Air
Laundry: Common Area, Laundry Room
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
View: None
Garage and Parking
Parking: Attached Carport, Assigned, Covered, Carport, On Street, Tandem
Garage Spaces: 24
Parking Total: 24
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 2786024034
Additional Parcels: No
Tax Lot: 13
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Street Lights, Sidewalks, Valley
Nearby Schools
Nearby schools around the 18356 Napa, Northridge, CA 91325. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,360,000
Total Interest
$4,285,495
Total Payment
$7,645,495
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$25,762
per month
Property History for 18356 Napa
Northridge Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91325.
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