18540 & 18551 Prairie Street

Northridge, CA 91324

  • 70 Bed(s)
  • 0 Bath(s)
  • 43,899 Sqft
  • 47916
    Sqft(Lot)
$12,600,000

Description

We are pleased to exclusively present northridge manor and northridge chalet, a rare opportunity to acquire a value-add portfolio of 54 units located at 18551 and 18540 prairie street in northridge, california. this unique offering includes two adjacent mid-century properties situated in the heart of northridge, just blocks away from california state university, northridge (csun), making them ideal investments for value-add strategies. built in the 1960s and available on the open market for the first time, the properties are located on a combined 48,090-square-foot lot and consist of two two-story buildings featuring an expansive interior courtyard, a swimming pool, parking for each unit, and shared on-site laundry facilities. the desirable unit mix includes 2 studio apartments, 34 one-bedroom/one-bathroom units, 6 two-bedroom/1.5-bathroom units, and 12 two-bedroom/two-bathroom units. recent improvements, such as soft-story retrofitting, upgraded copper plumbing, electrical subpanel upgrades, and new heating systems, ensure long-term operational stability. with most units in classic or moderately renovated condition, investors have the opportunity to capture approximately 21% upside in rents by implementing high-end finishes that are sought after by modern renters and csun students. located near csun, the properties enjoy proximity to the northridge fashion center, the valley performing arts center, matador bowl, and porter valley country club. this strategic location fosters steady tenant demand from students, professionals, and families. with strong intrinsic value, untapped rental upside, and an exceptional location, northridge manor and northridge chalet represent a premier opportunity in one of the san fernando valley's most desirable rental markets.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48365654

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Property Details

  • Bedroom Information

    • Total Bedrooms : 70

    Bathroom Information

    • Total Baths: 54
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Roof : Other

    Heating Source

    • Floor Furnace
    • Has Heating

  • Building Information

    • Year Built: 1965
    • Building Area Total: 43,899
    • Construction: Stucco
    • Roof: Other

    Foundation

    • Raised,Slab

    Pool Features

    • Community

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 1.1
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 47916

  • Listing Price Information

    • Original List Price: 12,600,000
    • Listing Contract Date: 2025-01-16

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 2763009009

  • Garage and Parking

    • Garage Description: Covered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: NR - Northridge
    • Directions: Prairie & Reseda
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: NR - Northridge

    Building and Construction

    • Property Age: 60
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 43899
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 01/20/2025 @ 20:27

  • MLS: 25485207
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 70 bedrooms which is for sale, it has 43,899 sqft, 47,916 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Northridge , in zip code 91324, this Los Angeles County Home are nearby neighborhoods.