206 Harps St - Apartments FOR SALE


San Fernando, CA 91340
$1,425,000 USD
818-634-3722
206 Harps St, San Fernando, CA for Sale
$1,425,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

206 Harps St
San Fernando, CA 91340


HIGHLIGHTS

  • No Rent Control
  • Assumable Loan @ 3.89% Fixed Thru 5/2029
  • 6 Units - 4 1-bed/1-bath & 2 2-bed/1-bath

OVERVIEW

206 Harps St, San Fernando, CA 91340 6 Units | Non-Rent Controlled | Assumable Loan at 3.89% Offered at: $1,425,000 Presented by Art Minassian & Ron Kassan AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc. Opportunity to acquire a well-maintained 6-unit multifamily in the high-demand San Fernando submarket, free from city rent control. The unit mix includes four 1-bedroom / 1-bath units and two 2-bedroom / 1-bath units, offering a diversified rent roll and consistent income. The property features a 3.89% fixed assumable loan with a remaining balance of approximately $828,000, available to assume through May 2029 with a 1% assumption fee. This attractive financing structure provides significant cost savings in today’s higher interest rate environment. Gross scheduled income totals approximately $121,290 annually, providing immediate in-place returns with further upside potential.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$351 USD /SF

# OF UNITS

6

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

97%

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

0.21 AC

LAND SF

9,187 SF

ZONING

R3, San Fernando

APN/PARCEL ID

2520-020-002

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.