18139 Roscoe Boulevard

Los Angeles CA 91325

3700 sq. ft.

7799 sq. ft.

Other

Currently for sale - view listing

Overview

This property is subject to LA Rent Control and it will be delivered with one vacant unit. Extremely low entry point for 5 units in Northridge. Buyer may assume outstanding loan of 5 years at a fixed interest rate of 3.75%. We are proud to present 18139 Roscoe Blvd, a 5-unit value-add multifamily asset in the Northridge submarket of the San Fernando Valley. This income producing property features an attractive unit mix of (3) 2bd/1bth units and (2) 1bd/1bth units. Recent capital improvements include a newer roof (2016), all copper plumbing, and new electrical panels (2023). The Seismic Retrofit has been completed per LADBS requirements and the Certificate of Compliance has been issued. Tenants enjoy on-site amenities such as garage parking and on-site laundry. The subject property is conveniently located just 3 minutes from the California State University, Northridge (CSUN) Campus. The astute investor will be able to aggressively capture the remaining 45% upside in rents, as 18139 Roscoe Blvd remains an attractive property to a wide variety of qualified tenants in the ever developing city of Northridge, California.