1946 2nd St - Apartments FOR SALE


San Fernando, CA 91340
$1,300,000 USD
818-634-3722
1946 2nd St, San Fernando, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/5
null | 6.13% Cap Rate

1946 2nd St
San Fernando, CA 91340


HIGHLIGHTS

  • No Rent Control
  • Assumable Loan
  • 6 Units - 1 Bedroom/1 Bathroom

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,667

CAP RATE

6.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,088 SF

ZONING

SFR3*

APN/PARCEL ID

2520-002-011

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.