Est. cap rate

4.4%

Assumed rent, all units

$10,920/mo

Units

4

Price per unit

$374,998

Est. annual NOI

$65,520

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

6

Bathrooms

5

Building size

2,912 sqft

Lot size

5,743 sqft

Year built

1952

Stories

1

Garage spaces

0

Heating

Central

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

34

MLS #

247021905

About this property

**FOUR UNITS ON ONE LOT** LIVE IN ONE AND RENT THE OTHER THREE. Monthly income of $9,050!!! Rare 4-Unit Opportunity in the heart of Northridge! An incredible opportunity for an owner-user looking to live in one unit while collecting rental income from the other three, or an investor looking to add a turnkey multifamily property to their portfolio. The 2-bedroom + 1-bathroom unit at 18544 Bryant St will be DELIVERED VACANT, giving the next owner the opportunity to move right in and have three existing tenants helping generate income from day one. The property consists of a Duplex plus Two ADUs for a total of four separate units and 6 bedrooms + 5 bathrooms: 18544 Bryant St – 2 beds + 1 bath (delivered vacant); 18546 Bryant St – 1 bed + 1 bath; 18542 Bryant St – 2 beds + 2 baths; and 18542 ½ Bryant St – 1 bed + 1 bath. The original residence was extensively renovated with a new roof, electrical, plumbing and cabinetry, while additional units and two ADUs were added to create this unique four-unit property. All four units are single-story and feature central A/C, tankless water heaters, in-unit landlord-owned washers and dryers, and separate electric and gas meters. Both ADUs also feature PAID-OFF SOLAR. Parking includes tandem driveway parking for the 2+2 unit and an additional front parking space for the 2+1 unit. Several units offer their own outdoor areas, and the property is secured by a motorized gate. Water and sewer are shared, while tenants pay their own gas, electric and trash. Why rent when you can live here while building your own real estate portfolio? With one unit delivered vacant and three units already generating rental income, this property offers a unique path toward homeownership and long-term investment in one of Northridge’s most desirable rental markets. Conveniently located near CSUN, shopping, dining and major freeways. Live in one, rent the other three, and start building your real estate portfolio from home! Fully permitted ready for you to HOUSE HACK!

Location

18544 Bryant Street

Northridge, Los Angeles, CA, 91324