18540 Prairie Street, Northridge, CA 91324

Local realty services provided by:ERA North Orange County Real Estate
18540 Prairie Street,Northridge, CA 91324
$6,100,000
  • 36 Beds
  • 39 Baths
  • 22,232 sq. ft.
  • Multi-family
  • Active
Listed by:filip niculete
Office:marcus & millichap
MLS#:25589867
Source:CRMLS

Price summary

  • Price:$6,100,000
  • Price per sq. ft.:$274.38

About this home

We are pleased to present Northridge Manor, a rare 28-unit value-add opportunity located at 18540 Prairie Street in the heart of Northridge, just blocks from California State University, Northridge (CSUN). Built in the 1960s by the seller's grandfather and never before sold, the property has been passed down through multiplegenerations, offering investors a chance to acquire a legacy asset with deep ownership history. One of the most compelling aspects of this opportunity is the assumable Chase Bank loan with an outstanding balance of $3,750,000, fixed at a 4.83% interest rate through December 2029, and interest-only payments through December 2027. This attractive in-place financing is significantly below current market rates, enhancing cash-oncashreturns and reducing acquisition friction for qualified buyers. Situated on a 24,041-square-foot lot (0.55 acres), the two-story building features an expansive interior courtyard, a gated swimming pool, assigned parking for each unit,and

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1965
  • Listing ID #:25589867
  • Added:1 day(s) ago
  • Updated:September 10, 2025 at 05:46 PM

Rooms and interior

  • Bedrooms:36
  • Total bathrooms:39
  • Living area:22,232 sq. ft.

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1965
  • Building area:22,232 sq. ft.
  • Lot area:0.55 Acres

Finances and disclosures

  • Price:$6,100,000
  • Price per sq. ft.:$274.38
Based on information from California Regional Multiple Listing Service, Inc. as of September 10, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

New listings near 18540 Prairie Street