606 N Maclay Ave - Apartments FOR SALE


San Fernando, CA 91340
$1,350,000 USD
818-634-3722
606 N Maclay Ave, San Fernando, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

606 N Maclay Ave
San Fernando, CA 91340


HIGHLIGHTS

  • No Rent Control in City of San Fernando

OVERVIEW

Presented by Art Minassian & Ron Kassan AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc. 606 N Maclay Ave presents a rare opportunity to acquire a well-located, 1962 construction 6-unit apartment building + storefront retail in the highly desirable non-rent-controlled market of San Fernando. The property features an ideal mix of 1 retail unit + mixed residential units, including one 3-bedroom / 1-bath unit, one 2-bedroom / 1-bath unit, one 1-bedroom/1-bath unit, and 3 studio units. The property is generating a current monthly gross income of $10,695. All units are individually metered for gas and electric, and the building has been maintained by long-term ownership. The building provides modern layouts, few (if any) deferred maintenance concerns, and flexibility not typically found in older inventory. Located on the main artery of San Fernando with strong tenant demand and low vacancy, this offering is well-suited for both first-time and seasoned multifamily investors seeking stable income, long-term appreciation, and operational upside without the restrictions of rent control. Please call broker for more information.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

6

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

SFC2*

APN/PARCEL ID

2515-001-012

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 Notice.