Description

We are proud to exclusively present a multifamily opportunity to acquire two apartment buildings located at 19236 and 19248 Parthenia Street in the city of Northridge. Situated next to one another, both properties are on the southeast corner of Parthenia and Tampa. The highly desirable location in Northridge provides easy access to the 118, 405 and 101 Freeways and are in a just a short 5-minute drive to popular restaurants, shopping centers, and top-ranked educational institutions. Located in the heart of Northridge, the properties are near Cal State University Northridge, the Metrolink Northridge Station, the Northridge Fashion Center, and Northridge Hospital. 19236 and 19248 Parthenia Street offer convenient access to the neighboring cities within the San Fernando Valley, Los Angeles County and Ventura County and is conveniently positioned with just a short drive to Burbank, Calabasas, North Hollywood and Glendale. Significant local landmarks within a 20-mile radius include: Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. Totaling 36-units, 19236 and 19248 Parthenia Street are well-maintained, 2-story properties, built in 1962. A double lot situated on ±39,298 square feet of land and a total building size of ±31,454 square feet, the properties features a unique unit mix of one-bed/one-bathroom, two-bed/two-bathroom, and three-bed/two-bathroom units averaging 874 gross square feet. Many units have been upgraded with modern finishes. All units feature high-speed Internet access, wall air conditioning and heating, ceiling fans, vertical blinds and kitchens with quality appliances. The building features on-site laundry, carport parking and a pool with mature landscaping.