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1914 2nd St 7 Unit Apartment Building $1,600,000 ($228,571/Unit) 6.61% Cap Rate San Fernando, CA 91340
INVESTMENT HIGHLIGHTS
- No Rent Control
- Assumable Loan at 3.65%
EXECUTIVE SUMMARY
1914 2nd St, San Fernando, CA 91340
7 Units | Non-Rent Controlled | Assumable Financing Available
Offered at: $1,600,000
Presented by Art Minassian
AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc.
An ideal San Fernando Valley multifamily opportunity: 7 total units, consisting of six 1-bedroom / 1-bath units and one spacious 3-bedroom / 1-bath unit, generating a strong gross annual income of approximately $150,000.
This non-rent-controlled asset gives investors the rare chance to capitalize on immediate returns with flexible operational potential, and it comes with a powerful financing advantage: the property features an assumable loan with a fixed 3.65% interest rate, maturing on May 1, 2026. Current loan balance is approximately $800,000. Buyer must pay a 1-point assumption fee — a compelling alternative to today’s high interest rates.
7 Units | Non-Rent Controlled | Assumable Financing Available
Offered at: $1,600,000
Presented by Art Minassian
AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc.
An ideal San Fernando Valley multifamily opportunity: 7 total units, consisting of six 1-bedroom / 1-bath units and one spacious 3-bedroom / 1-bath unit, generating a strong gross annual income of approximately $150,000.
This non-rent-controlled asset gives investors the rare chance to capitalize on immediate returns with flexible operational potential, and it comes with a powerful financing advantage: the property features an assumable loan with a fixed 3.65% interest rate, maturing on May 1, 2026. Current loan balance is approximately $800,000. Buyer must pay a 1-point assumption fee — a compelling alternative to today’s high interest rates.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$133,275
|
$23.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$133,275
|
$23.35
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$27,445
|
$4.81
|
| Net Operating Income |
$105,830
|
$18.54
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $133,275 |
| Annual Per SF | $23.35 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $133,275 |
| Annual Per SF | $23.35 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $27,445 |
| Annual Per SF | $4.81 |
| Net Operating Income | |
|---|---|
| Annual | $105,830 |
| Annual Per SF | $18.54 |
PROPERTY FACTS
| Price | $1,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $228,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Cap Rate | 6.61% | Building Size | 5,708 SF |
| Gross Rent Multiplier | 10.67 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1906 |
| Property Subtype | Apartment | Parking Ratio | 1.23/1,000 SF |
| Zoning | R3, San Fernando | ||
| Price | $1,600,000 |
| Price Per Unit | $228,571 |
| Sale Type | Investment |
| Cap Rate | 6.61% |
| Gross Rent Multiplier | 10.67 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 5,708 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1906 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | R3, San Fernando |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 3+1 | 1 | - | - |
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 2520-002-005 | Improvements Assessment | $229,444 |
| Land Assessment | $450,408 | Total Assessment | $679,852 |
PROPERTY TAXES
Parcel Number
2520-002-005
Land Assessment
$450,408
Improvements Assessment
$229,444
Total Assessment
$679,852
MAP
ADDITIONAL PHOTOS
Primary Photo
Building Photo