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141-143 Orange Grove Ave 10 Unit Apartment Building $2,150,000 ($215,000/Unit) San Fernando, CA 91340
EXECUTIVE SUMMARY
Presented by the AvailableWarehouses.com Team of Ron Kassan and Art Minassian at Spectrum Commercial Real Estate, Inc.
Located in the heart of San Fernando, this well-maintained 10-unit apartment building offers both income stability and long-term upside — anchored by its non-rent-controlled status and a highly attractive assumable loan with below-market terms.
The unit mix consists of nine 1-bedroom / 1-bathroom units and one 2-bedroom / 1-bathroom unit, currently generating a total monthly gross income of $16,270. The property has been held and cared for by long-term ownership, offering clean interiors and consistent occupancy.
A major highlight: the buyer may assume the existing 3.68% interest rate loan, with an approximate balance of $1,074,000 and a maturity of November 2027. This presents a rare opportunity for immediate financing in a tightening capital market. Assumption fee is 2 points, allowing a savvy buyer to bypass today’s lending environment and lock in significant savings.
Located in the heart of San Fernando, this well-maintained 10-unit apartment building offers both income stability and long-term upside — anchored by its non-rent-controlled status and a highly attractive assumable loan with below-market terms.
The unit mix consists of nine 1-bedroom / 1-bathroom units and one 2-bedroom / 1-bathroom unit, currently generating a total monthly gross income of $16,270. The property has been held and cared for by long-term ownership, offering clean interiors and consistent occupancy.
A major highlight: the buyer may assume the existing 3.68% interest rate loan, with an approximate balance of $1,074,000 and a maturity of November 2027. This presents a rare opportunity for immediate financing in a tightening capital market. Assumption fee is 2 points, allowing a savvy buyer to bypass today’s lending environment and lock in significant savings.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$195,240
|
$28.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$195,240
|
$28.13
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$58,572
|
$8.44
|
| Net Operating Income |
$136,668
|
$19.69
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $195,240 |
| Annual Per SF | $28.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $195,240 |
| Annual Per SF | $28.13 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $58,572 |
| Annual Per SF | $8.44 |
| Net Operating Income | |
|---|---|
| Annual | $136,668 |
| Annual Per SF | $19.69 |
PROPERTY FACTS
| Price | $2,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $215,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Sale Condition | 1031 Exchange | Building Size | 6,941 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 0.76/1,000 SF |
| Zoning | SFR3* - No Rent Control! | ||
| Price | $2,150,000 |
| Price Per Unit | $215,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,941 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.76/1,000 SF |
| Zoning | SFR3* - No Rent Control! |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Instant Hot Water
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+1 | 1 | - | - |
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Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 2520-002-004 | Improvements Assessment | $549,448 (2024) |
| Land Assessment | $125,913 (2024) | Total Assessment | $675,361 (2024) |
PROPERTY TAXES
Parcel Number
2520-002-004
Land Assessment
$125,913 (2024)
Improvements Assessment
$549,448 (2024)
Total Assessment
$675,361 (2024)
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141-143 Orange Grove Ave
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