9929 Sepulveda Blvd - Apartments FOR SALE


Mission Hills, CA 91345
$5,100,000 USD
541-543-0407
9929 Sepulveda Blvd, Mission Hills, CA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/40
null | 5.73% Cap Rate

9929 Sepulveda Blvd
Mission Hills, CA 91345


HIGHLIGHTS

  • Motivated Market Seller (Bring All Offers)
  • Not Subject to LA City Rent Control (AB 1482 cap currently 8%)
  • Mission Hills Location (Less Multifamily/ Rental Competition)
  • Strong Financial Performance (History of Increasing Rents & Retaining Tenants/ High Occupancy)
  • Desirable Unit Mix (Including Townhome Style Units) w/ Lots of Parking
  • Extremely Clean property w/ Diligent Ownership

OVERVIEW

Motivated market Seller! Bring all offers. Mission Hills (SVF) multifamily opportunity built in 1979, not subject to LA City Rent Control (AB 1482 cap currently 8%). The property offers a desirable unit mix of 8 singles, 7 one-bed/one-baths, 5 two-bed/two-baths, and 3 unique two-story townhome-style units, supported by 41 parking spaces, completed soft-story retrofit, and separate utility meters. Strong financial performance with a proven track record of rent growth, tenant retention, and consistently high occupancy. Offered at a true 5.73% cap rate, the property delivers stable in-place income, low turnover, and additional upside through continued rent growth and potential ADU development. With no units significantly below market and conservative yet realistic pro forma assumptions, investors gain both immediate income security and clear long-term growth potential. The property’s Mission Hills location benefits from limited multifamily inventory (as opposed to Van Nuys or NoHo), resulting in less direct rental competition within the immediate area. Located on Sepulveda Boulevard—one of the Valley’s premier rental corridors, the property offers excellent connectivity to the 405, 118, and 5 Freeways, with proximity to Providence Holy Cross Medical Center, CSUN, and major retail hubs. An extremely clean, pride-of-ownership property with diligent ownership over the past 9 years, this is real opportunity to acquire a well-maintained, high-performing asset. Sellers are highly motivated to close before year-end, contact Matt with any questions or interest.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

23

PRICE/UNIT

$221,739

CAP RATE

5.73%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,800 SF

ZONING

LAR3

APN/PARCEL ID

2660-009-029

ASK ABOUT THIS PROPERTY

Matthew SillamanWest Shores CREMore Info
541-543-0407

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Matthew SillamanWest Shores CREMore Info
541-543-0407

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.