10020 Zelzah Ave | Northridge, CA 91325
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
10020 Zelzah Ave
Northridge, CA 91325
Granada Apartments · Multifamily Property For Sale · 50 Units
Investment Highlights
- 50 units - Legal (44) 2+2, (6) 1+1
- GRM - 11.66, Cap Rate 5.39%
- Price/SF - $274.36
- Operating as: (42)2+2, (9)1+1, (4) Studios
- Price/Unit - $347,900
- Year of Construction - 1990
Executive Summary
1990 Construction offered at a 5.74% cap rate and $274/sf!!! The Granada Apartments, located at 10020 Zelzah Ave, is a gorgeous and immaculately maintained 50-unit apartment complex situated in prime Northridge, just 0.8 miles from the Cal State Northridge University campus. The on-site manager has been operating the property since 1995 and vetted only the best and most qualified tenants in the area. The building offers 110 secured and covered parking for the tenants, a beautiful swimming pool and spa for the hot summer days, and lovely common area tables and chairs for socializing. Ensuring both security and accessibility, the Granada Apartments are surrounded by beautiful landscaping and a welcoming community. DO NOT DISTURB THE TENANTS! Please call or email the listing agents to schedule a property tour. Thank you for your interest in 10020 Zelzah Ave and we look forward to working with you!
PROPERTY FACTS Under Contract
| Price Per Unit | $347,900 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.74% | Lot Size | 0.84 AC |
| Sale Conditions | 1031 Exchange | Building Size | 69,411 SF |
| Gross Rent Multiplier | 11.11 | Average Occupancy | 100% |
| No. Units | 50 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1990/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Price Per Unit | $347,900 |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 11.11 |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.84 AC |
| Building Size | 69,411 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1990/2019 |
| Parking Ratio | 1.44/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Heating
- Kitchen
- Sunroom
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Gated
- Grill
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 850 |
| 2+2 | 44 | - | 1,200 - 1,250 |
PROPERTY TAXES
| Parcel Number | 2734-006-010 | Improvements Assessment | $6,464,998 |
| Land Assessment | $7,388,567 | Total Assessment | $13,853,565 |
PROPERTY TAXES
Parcel Number
2734-006-010
Land Assessment
$7,388,567
Improvements Assessment
$6,464,998
Total Assessment
$13,853,565
zoning
| Zoning Code | LAR3 (LAR3) |
| LAR3 (LAR3) |
Learn More About Investing in Apartment Buildings
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
