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.