Halstead Manor 18416 Halsted St
23 Unit Apartment Building $5,100,000 ($221,739/Unit) 6.02% Cap Rate Northridge, CA 91325
INVESTMENT HIGHLIGHTS
- 1980 Construction
- 1 Block from CSUN
- No City of Los Angeles Rent Control
- New Paint
EXECUTIVE SUMMARY
- 1980 Construction (Not Subject to RSO)
- Amazing location 1 block from CSUN
- Brand New Paint
- Highest Resource area (Tier 4 SAFMR)
- Amazing location 1 block from CSUN
- Brand New Paint
- Highest Resource area (Tier 4 SAFMR)
PROPERTY FACTS
| Price | $5,100,000 |
| Price Per Unit | $221,739 |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| Gross Rent Multiplier | 10.7 |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 14,053 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 2.42/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Family Room
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 450 |
| 1+1 | 19 | - | 650 |
| 2+1.5 | 2 | - | 1,000 |
1 of 1
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 2764-008-008 | Improvements Assessment | $994,412 |
| Land Assessment | $426,247 | Total Assessment | $1,420,659 |
ZONING
| Zoning Code | R3 (Multiple Dwelling) |
