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.