Arthur Minassian (818) 634-3722
Ronald Kassan (818) 512-5001

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.

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!