1914 2nd St - Apartments FOR SALE


San Fernando, CA 91340
$1,600,000 USD
818-634-3722
1914 2nd St, San Fernando, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/3
null | 6.61% Cap Rate

1914 2nd St
San Fernando, CA 91340


HIGHLIGHTS

  • No Rent Control
  • Assumable Loan at 3.65%

OVERVIEW

1914 2nd St, San Fernando, CA 91340 7 Units | Non-Rent Controlled | Assumable Financing Available Offered at: $1,600,000 Presented by Art Minassian AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc. An ideal San Fernando Valley multifamily opportunity: 7 total units, consisting of six 1-bedroom / 1-bath units and one spacious 3-bedroom / 1-bath unit, generating a strong gross annual income of approximately $150,000. This non-rent-controlled asset gives investors the rare chance to capitalize on immediate returns with flexible operational potential, and it comes with a powerful financing advantage: the property features an assumable loan with a fixed 3.65% interest rate, maturing on May 1, 2026. Current loan balance is approximately $800,000. Buyer must pay a 1-point assumption fee — a compelling alternative to today’s high interest rates.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$280 USD /SF

# OF UNITS

7

PRICE/UNIT

$228,571

CAP RATE

6.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1906

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,804 SF

ZONING

R3, San Fernando

APN/PARCEL ID

2520-002-005

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.