18540 Chase Street, Northridge, CA 91324

The subject property is a well maintained, twelve unit apartment building located on a corner in the solid rental market of Northridge. Built in 1959, the property is subject to rent control. There is an excellent unit mix of four one bedroom/one-bath units, five two-bedroom/one-bath units, one two bedroom/two bath unit and two three-bedroom/two-bath units. Residents of the property enjoy being about one mile from Cal State University, Northridge, less than one mile from the Northridge MetroLink Station as well the close proximity to The Northridge Fashion Center. Coupled with a nicely amenitized property, residents and prospective tenants are attracted to the easy access to public transportation, employment and education opportunities as well of plenty of shopping, dining, and entertainment nearby. Investors should view this as an excellent opportunity to own a well located, nicely maintained apartment building, which has still has upside in the rents as units turn.