Offered by the AvailableWarehouses.com Team at Spectrum Commercial Real Estate, Inc.
Located in the heart of San Fernando, 1946 2nd St presents a rare opportunity to acquire a 100% non-rent-controlled multifamily property in a historically stable rental market. The property consists of six 1-bedroom / 1-bathroom units generating $9,580 in monthly gross income, with upside potential as units naturally turn.
Ownership has held the asset long-term and maintained it with care. Investors will benefit not only from strong in-place cash flow, but also from the assumable Chase loan at a 3.575% fixed interest rate, with a current principal balance of approximately $600,000 and monthly PITI of $3,561.87. The loan is assumable through May 1, 2026, with a 1-point assumption fee.
This is an ideal opportunity for buyers seeking long-term growth and in-place financing below today’s market rates.
Call Art for more info - 818-634-3722