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14142 La Rue Street, San Fernando, CA

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14142 La Rue Street

San Fernando, CA 91340-3835 - San Fernando MF Submarket

Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1926
Stories:1 Building Size:3,806 SF Land Area:.34 AC (15,002 SF)
For Sale Price:$995,000 Price/Unit:$165,833.33 Cap Rate:5.29 % GRM:-


Sale Notes:
Team Luchs of Marcus & Millichap is pleased to present a six-unit RENT CONTROLLED bungalow-style apartment offering in LOS ANGELES (not in San Fernando).
Constructed in 1926 the three structures total over 3,800 rentable square feet sitting on an enormous 15,003-square foot lot.
All the units are two-bedrooms/one-bath with front and back entrances. Individual water heaters, separately metered gas, electricity, and water allow an investor to deflect the ever increasing utility costs associate with multi-family ownership.
The rents are roughly 40 percent below market. This offering provides an opportunity for an astute investor to take on a true value add deal with a very low annual operating cost.

Located in LOS ANGELES one half block east of San Fernando High School and walking distance to the San Fernando City Hall and local
retail shops.

Marcus & Millichap
Joshua Luchs
(818) 212-2779

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