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18528 CHASE Street, Northridge, CA 91324

Property Details

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18528 CHASE Street
Northridge, CA 91324

In Escrow / Under Contract: $10,600,000

Property Type: Commercial Apartments
MLS#: 17292438

  • Building Size: 32058 SF
  • Lot Size: 19315 SF
  • Number of Units: 28
  • Number of Stories: 4
  • Year Built: 2017
  • Days on market: 88
  • Cap Rate: 4.51
  • Net Operating Income: $478,113
  • Gross Scheduled Income: $713,191
  • Rent Control: No
  • GRM: 14.41
  • Contact Listing Agent Direct:
  • Brett Sanson, Marcus & Millichap

Property Description

The subject property is a twenty eight unit apartment building recently completed in 2017. The owner and developer took pride in constructing this contemporary, low maintenance property with attractive tenant amenities and energy efficient features. With a Certificate of Occupancy issued in June 2017, the property is currently fully occupied with one year leases in place. The property is located in a solid Northridge location. Located just west of Reseda Boulevard and just north of Roscoe Boulevard, the property is adjacent to Vallarta Market and steps to Reseda Boulevard with plenty of retail, shopping and public transportation. Within walking distance of the property is Northridge Hospital Medical Center. A short driving distance away is the Cal State Northridge, Northridge Metro Link Station and the Northridge Fashion Center.

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18528 CHASE Street, Northridge, CA 91324

Based on information from California Regional Multiple Listing Service, Inc. as of February 1, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Brett Sanson, Marcus & Millichap

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