1117-1121 2nd St - Apartments FOR SALE


San Fernando, CA 91340
$1,750,000 USD
818-634-3722
1117-1121 2nd St, San Fernando, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1117-1121 2nd St
San Fernando, CA 91340


HIGHLIGHTS

  • No Rent Control
  • Assumable Loan - 3.89% Thru 5/29
  • 8 Units - All 1 Bedroom/1 Bathroom

OVERVIEW

1117–1121 2nd St, San Fernando, CA 91340 8 Units | Non-Rent Controlled | Assumable Financing Available Offered at: $1,750,000 Presented by Art Minassian & Ron Kassan AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc. Rare opportunity to acquire a clean 8-unit multifamily in San Fernando with a strong income base and highly attractive loan terms. All units are 1-bedroom / 1-bathroom, offering stable cash flow in a non-rent-controlled submarket, ideal for investor flexibility and upside. The property features an assumable loan with a fixed 3.89% interest rate and an impressive term through May 1, 2029. Approximate loan balance is $1,040,000, with a 1% assumption fee—a valuable financing advantage amid today’s elevated rate environment. Non-Rent Controlled Asset Assumable Loan at 3.89% Fixed Through 5/1/2029 Approx. $1,040,000 Loan Balance 8 Units: All 1-Bedroom / 1-Bathroom Low 1% Assumption Fee Stable Income Stream

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

8

PRICE/UNIT

$218,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,213 SF

ZONING

R3, San Fernando

APN/PARCEL ID

2520-026-001

ASK ABOUT THIS PROPERTY

Arthur MinassianSpectrum Commercial Real Estate, Inc.More Info
818-634-3722

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Arthur MinassianSpectrum Commercial Real Estate, Inc.More Info
818-634-3722

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.