123 Orange Grove Ave - Apartments FOR SALE


San Fernando, CA 91340
$1,275,000 USD
818-634-3722
123 Orange Grove Ave, San Fernando, CA for Sale
$1,275,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

123 Orange Grove Ave
San Fernando, CA 91340


OVERVIEW

Presented by Art Minassian & Ron Kassan AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc. 123 Orange Grove Ave presents a rare opportunity to acquire a well-located, 1986 construction 5-unit apartment building in the highly desirable non-rent-controlled market of San Fernando. The property features an ideal mix of large residential units, including two 3-bedroom / 1-bath units and three 2-bedroom / 1-bath units, generating a current monthly gross income of $10,410. All units are individually metered for gas and electric, and the building has been maintained by long-term ownership. The newer construction (post-1978) provides modern layouts, fewer deferred maintenance concerns, and flexibility not typically found in older inventory. Located on a quiet residential street with strong tenant demand and low vacancy, this offering is well-suited for both first-time and seasoned multifamily investors seeking stable income, long-term appreciation, and operational upside without the restrictions of rent control. ALSO - There's an assumable loan at below 4% interest rate with an adjustment in November 2027 - allowing a buyer to take advantage of a below-market interest rate for 2 years.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

5

PRICE/UNIT

$255,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,050 SF

ZONING

SFR3*

APN/PARCEL ID

2520-002-001

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.