141-143 Orange Grove Ave - Apartments FOR SALE


San Fernando, CA 91340
$2,150,000 USD
818-634-3722
141-143 Orange Grove Ave, San Fernando, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

141-143 Orange Grove Ave
San Fernando, CA 91340


OVERVIEW

Presented by the AvailableWarehouses.com Team of Ron Kassan and Art Minassian at Spectrum Commercial Real Estate, Inc. Located in the heart of San Fernando, this well-maintained 10-unit apartment building offers both income stability and long-term upside — anchored by its non-rent-controlled status and a highly attractive assumable loan with below-market terms. The unit mix consists of nine 1-bedroom / 1-bathroom units and one 2-bedroom / 1-bathroom unit, currently generating a total monthly gross income of $16,270. The property has been held and cared for by long-term ownership, offering clean interiors and consistent occupancy. A major highlight: the buyer may assume the existing 3.68% interest rate loan, with an approximate balance of $1,074,000 and a maturity of November 2027. This presents a rare opportunity for immediate financing in a tightening capital market. Assumption fee is 2 points, allowing a savvy buyer to bypass today’s lending environment and lock in significant savings.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

10

PRICE/UNIT

$215,000

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

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,889 SF

ZONING

SFR3*

APN/PARCEL ID

2520-002-004

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.