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Rare 34-Unit Courtyard Community in Northridge "” Pool, Private Courtyard & Exceptional Value-Add Potential This charming 34-unit apartment community is ideally located in the heart of Northridge, one of the San Fernando Valley's most desirable rental markets. Built around a beautifully landscaped central courtyard with a sparkling pool, the property combines strong curb appeal with meaningful value-add opportunities. Featuring a well-balanced unit mix of studios, one- and two-bedroom layouts (plus select larger units), the community appeals to a wide tenant base of students, young professionals, and small families"”ensuring consistent occupancy and stable cash flow. The central pool and recreation area serve as a vibrant focal point, enhancing resident satisfaction and rental demand. With solid fundamentals and classic construction, the property is ideally positioned for modernization. Upgrading interiors"”kitchens, baths, flooring, lighting, and fixtures"”offers a clear path to higher rents and improved asset value. Additional upside can be realized through utility re-billing or RUBS implementation, operational efficiencies, and amenity enhancements such as refreshed outdoor furniture, lighting, and BBQ/lounge zones. Investor appeal is further strengthened by on-site laundry, storage, and ample surface parking, as well as proximity to CSU Northridge, major employment centers, and retail corridors. Northridge's strong rental demand and limited new supply create a compelling opportunity for both cash flow and appreciation with modest capital investment. This is a rare opportunity to acquire a well-maintained 34-unit property in a prime Northridge location with significant upside potential through strategic renovations and management improvements.
| DAYS ON MARKET | 147 | LAST UPDATED | 2/10/2026 |
|---|---|---|---|
| YEAR BUILT | 1964 | COMMUNITY | NR - Northridge |
| GARAGE SPACES | 23.0 | COUNTY | Los Angeles |
| STATUS | Conditional | PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Jan 15, '26 | $6,800,000 |
|---|---|
| Jan 15, '26 - Today | $5,950,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | NR - Northridge |
| GARAGE | Yes |
| LOT | 0.6771 acre(s) |
| LOT DIMENSIONS | 29493 |
| POOL DESCRIPTION | Community |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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