18724 Chase, Los Angeles, CA 91324

Property Description

Welcome to The Chase Oasis, a rare income-producing investment opportunity in the heart of Northridge, conveniently located near CSUN, major hospitals, shopping, dining, and freeway access. This fully occupied property generates strong, consistent cash flow through a successful mix of long-term and mid-term rentals, offering immediate income potential for investors. Spanning approximately 3,743 sq. ft., the property features a 10-bedroom, 8-bathroom main residence, which includes a permitted 1-bedroom, 1-bathroom Junior ADU (18724 1/2), and an office/flex space. Designed for flexibility and functionality, the property includes wide hallways, two ADA-compliant bathrooms, a fire alarm system, individual mini-split heating and cooling systems in every bedroom, ceiling fans, laminate flooring, and updated bathrooms throughout. The private outdoor space offers a pool, storage shed, mature shade trees, a fully fenced lot, and a large on-site parking area accommodating approximately 12-15, in which the driveway is around 100 yards from the main house creating an attractive environment for residents and guests alike. Historically operated as a residential care facility under prior ownership, the property's versatile layout may appeal to a variety of buyers, including real estate investors, co-living operators, corporate or mid-term housing providers, sober living, assisted living, board and care, home health, or other residential housing operators, subject to Buyer verification of zoning, licensing, permits, and all applicable governmental requirements. Whether you're looking to expand your rental portfolio, continue the property's successful income-producing operation, or explore other residential investment opportunities, this unique property offers exceptional versatility, strong cash flow potential, and a prime location in one of the San Fernando Valley's most desirable communities.