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1117-1121 2nd St 8 Unit Apartment Building $1,750,000 ($218,750/Unit) San Fernando, CA 91340
INVESTMENT HIGHLIGHTS
- No Rent Control
- 8 Units - All 1 Bedroom/1 Bathroom
- Assumable Loan - 3.89% Thru 5/29
EXECUTIVE SUMMARY
1117–1121 2nd St, San Fernando, CA 91340
8 Units | Non-Rent Controlled | Assumable Financing Available
Offered at: $1,750,000
Presented by Art Minassian & Ron Kassan
AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc.
Rare opportunity to acquire a clean 8-unit multifamily in San Fernando with a strong income base and highly attractive loan terms. All units are 1-bedroom / 1-bathroom, offering stable cash flow in a non-rent-controlled submarket, ideal for investor flexibility and upside.
The property features an assumable loan with a fixed 3.89% interest rate and an impressive term through May 1, 2029. Approximate loan balance is $1,040,000, with a 1% assumption fee—a valuable financing advantage amid today’s elevated rate environment.
Non-Rent Controlled Asset
Assumable Loan at 3.89% Fixed Through 5/1/2029
Approx. $1,040,000 Loan Balance
8 Units: All 1-Bedroom / 1-Bathroom
Low 1% Assumption Fee
Stable Income Stream
8 Units | Non-Rent Controlled | Assumable Financing Available
Offered at: $1,750,000
Presented by Art Minassian & Ron Kassan
AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc.
Rare opportunity to acquire a clean 8-unit multifamily in San Fernando with a strong income base and highly attractive loan terms. All units are 1-bedroom / 1-bathroom, offering stable cash flow in a non-rent-controlled submarket, ideal for investor flexibility and upside.
The property features an assumable loan with a fixed 3.89% interest rate and an impressive term through May 1, 2029. Approximate loan balance is $1,040,000, with a 1% assumption fee—a valuable financing advantage amid today’s elevated rate environment.
Non-Rent Controlled Asset
Assumable Loan at 3.89% Fixed Through 5/1/2029
Approx. $1,040,000 Loan Balance
8 Units: All 1-Bedroom / 1-Bathroom
Low 1% Assumption Fee
Stable Income Stream
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$155,400
|
$30.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$155,400
|
$30.83
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$38,850
|
$7.71
|
| Net Operating Income |
$116,550
|
$23.13
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $155,400 |
| Annual Per SF | $30.83 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $155,400 |
| Annual Per SF | $30.83 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $38,850 |
| Annual Per SF | $7.71 |
| Net Operating Income | |
|---|---|
| Annual | $116,550 |
| Annual Per SF | $23.13 |
PROPERTY FACTS
| Price | $1,750,000 | Building Class | C |
| Price Per Unit | $218,750 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,040 SF |
| Gross Rent Multiplier | 11.26 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, San Fernando | ||
| Price | $1,750,000 |
| Price Per Unit | $218,750 |
| Sale Type | Investment |
| Gross Rent Multiplier | 11.26 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,040 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3, San Fernando |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
Walk Score®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 2520-026-001 | Improvements Assessment | $487,861 |
| Land Assessment | $348,471 | Total Assessment | $836,332 |
PROPERTY TAXES
Parcel Number
2520-026-001
Land Assessment
$348,471
Improvements Assessment
$487,861
Total Assessment
$836,332
MAP
ADDITIONAL PHOTOS
Building Photo
Building Photo
Plat Map