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127-137 Orange Grove Ave 137 Orange Grove Ave 9 Unit Apartment Building $2,050,000 ($227,778/Unit) San Fernando, CA 91340
INVESTMENT HIGHLIGHTS
- Non-Rent Controlled – Strong Upside Potential
- Assumable Loan at 3.89% Fixed Through May 2029
- 9 Units: 6 (1-Bed/1-Bath) & 3 (2-Bed/1-Bath)
EXECUTIVE SUMMARY
127–137 Orange Grove Ave, San Fernando, CA 91340
9 Units | Prime Investment Opportunity | Assumable Loan at 3.89%
Offered at: $2,050,000
Presented by Art Minassian
AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc.
An excellent opportunity to acquire a well-maintained 9-unit multifamily property in a desirable San Fernando location. The unit mix includes six (1-bedroom / 1-bathroom) units and three (2-bedroom / 1-bathroom) units, offering a balanced blend of stable rental income and tenant appeal.
This asset benefits from no local rent control, allowing for future income growth and operational flexibility. The property generates an estimated $180,000 in gross annual income, making it a compelling acquisition for both seasoned investors and 1031 exchange buyers.
A key highlight is the assumable loan at 3.89% fixed through May 2029, with an approximate balance $1.2m, assumable for a 1% fee—a powerful hedge against current high interest rates and a significant lever for long-term yield.
9 Units | Prime Investment Opportunity | Assumable Loan at 3.89%
Offered at: $2,050,000
Presented by Art Minassian
AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc.
An excellent opportunity to acquire a well-maintained 9-unit multifamily property in a desirable San Fernando location. The unit mix includes six (1-bedroom / 1-bathroom) units and three (2-bedroom / 1-bathroom) units, offering a balanced blend of stable rental income and tenant appeal.
This asset benefits from no local rent control, allowing for future income growth and operational flexibility. The property generates an estimated $180,000 in gross annual income, making it a compelling acquisition for both seasoned investors and 1031 exchange buyers.
A key highlight is the assumable loan at 3.89% fixed through May 2029, with an approximate balance $1.2m, assumable for a 1% fee—a powerful hedge against current high interest rates and a significant lever for long-term yield.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$180,000
|
$19.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$180,000
|
$19.95
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$60,000
|
$6.65
|
| Net Operating Income |
$120,000
|
$13.30
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $19.95 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $19.95 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $6.65 |
| Net Operating Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $13.30 |
PROPERTY FACTS
| Price | $2,050,000 | Apartment Style | Low-Rise |
| Price Per Unit | $227,778 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Gross Rent Multiplier | 11.39 | Building Size | 9,024 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | SFR3* | ||
| Price | $2,050,000 |
| Price Per Unit | $227,778 |
| Sale Type | Investment |
| Gross Rent Multiplier | 11.39 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 9,024 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1/1,000 SF |
| Zoning | SFR3* |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 3 | - | - |
1 of 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 2520-002-003 | Improvements Assessment | $257,557 |
| Land Assessment | $128,768 | Total Assessment | $386,325 |
PROPERTY TAXES
Parcel Number
2520-002-003
Land Assessment
$128,768
Improvements Assessment
$257,557
Total Assessment
$386,325
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127-137 Orange Grove Ave | 137 Orange Grove Ave
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