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18540 Prairie St
Northridge, CA 91324 Northridge

$6,100,000 USD

Apartments For Sale  •  43,899 SF

Property Details

  • Property Type Apartments
  • Total Building Size 43,899 SF
  • Lot Size 1.1 AC
  • Building Class C
  • Year Built 1965
  • Zoning R3
47 Transit Score
79 Walk Score

Highlights

Assumable Chase Bank Loan: $3,750,000 balance at 4.83 percent fixed, 7-Year term with 5 years interest-only; I/O expires 12/1/2027.
Rare Family Sale: Built in the 1960s by the seller’s grandfather and never before sold - a generational asset in Northridge.
Strong Rent Upside: ~12 percent upside through unit renovations; additional upside if repositioned as CSUN student housing with per-bedroom rents.
ADU Development Potential: Rear layout and lot depth offer potential to add Accessory Dwelling Units (buyer to verify).
On-Site Amenities: Gated swimming pool, spacious interior courtyard, assigned parking, and laundry facilities.
Well-Equipped Interiors: All units include A/C and heating, oven/range, full kitchens, high-speed internet, and tub/shower setups.

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Heating
  • Kitchen
  • Oven
  • Range
  • Tub/Shower
  • Window Coverings

Public Transportation

Commuter RailDriveWalkDistance
Northridge (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 5 min - 1.5 mi
Northridge (Pacific Surfliner - Amtrak) 5 min - 1.5 mi
AirportDriveWalkDistance
Bob Hope 23 min - 12.6 mi
Los Angeles International 39 min - 26.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
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