Est. cap rate

2.7%

Assumed rent, all units

$15,400/mo

Units

4

Price per unit

$868,750

Est. annual NOI

$92,400

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

16

Bathrooms

12

Building size

6,400 sqft

Lot size

26,389 sqft

Year built

1946

Stories

1

Garage spaces

2

Style

Traditional,Modern

Heating

Solar,Central

Cooling

Central Air,ENERGY STAR Qualified Equipment

Pool

None

View

None

Status

Active

Days on market

13

MLS #

248008880

About this property

SPRAWLING SINGLE-STORY, FOUR-RESIDENCE, BRAND-NEW GATED COMPOUND | APPROX. 6,400 SF | 16 BEDROOMS | 12 BATHROOMS NEW-CONCEPT OPEN FLOOR PLAN: Rarely does new construction offer this combination of scale, accessibility, privacy, and versatility on one substantial parcel. This state-of-the-art property showcases soaring ceilings, expansive open floor plans, 10-foot ceilings, open chef's kitchens with white cabinetry, enhanced sound insulation, accessibility features, fire sprinklers, solar installations, and upgraded appliances. Thoughtfully designed for modern living with quality construction throughout. - FOUR DISTINCT RESIDENCES: 16360 Parthenia Street (MAIN RESIDENCE): Approx. 2,000 SF, 5 bedrooms, 3 bathrooms. 16358 Parthenia Street (SB 9 RESIDENCE): Approx. 2,000 SF, 5 bedrooms, 5 bathrooms, gorgeous vaulted ceilings, and a split-bedroom layout. 16356 Parthenia Street (ADU #1): Approx. 1,200 SF, 3 bedrooms, 2 bathrooms. 16353 Bryant Street (ADU #2): Approx. 1,200 SF, 3 bedrooms, 2 bathrooms. ENDLESS POSSIBILITIES: Exceptional flexibility for multigenerational and extended-family living, owner-occupancy with rental income, investment purposes, or other residential uses permitted by applicable laws and regulations, including potential rehabilitation, assisted living, elderly care, or sober living applications, subject to applicable zoning, licensing, and regulatory approvals. MODERN & ACCESSIBLE LIVING: All single-story, extra-wide doorways & hallways, wheelchair-accessible bathrooms, washer & dryer in each home. New construction includes fire-sprinkler systems throughout. QUALITY CONSTRUCTION & UPGRADES: Enhanced insulation incorporated into ceilings, attics, joists, rafters, and interior walls. Solar on both ADUs. Modern finishes, refrigerators included. Open kitchen spaces, separate state-of-the-art split-unit air-conditioning systems, and separate meters further enhance convenience and functionality. FULLY LANDSCAPED AND TURN KEY. AMPLE PARKING. FOUR HOMES. ONE REMARKABLE PROPERTY: New construction featuring four separate residences Desirable street-to-street access enhances the property's functionality, privacy & separation between residences. Centrally located in the heart of the San Fernando Valley- convenient to 405 FRWY. A rare residential concept offering an exceptional combination of scale, accessibility, versatility, and opportunity—thoughtfully designed for modern living, care, and generational preservation.

Location

16360 Parthenia

North Hills, Los Angeles, CA, 91343