Listed by Available Warehouses
$1,750,000
1117-1121 2nd St
Details
APN 2520-026-001
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,040
Units 8
NOI $116,550
Occupancy 100%
Price per SqFt $347
Class C
Year Built 1948
Stories 2
Acreage 0.170
Zoning R3, San Fernando
Parking Spaces 1 per 1,000 sq ft
Multifamily | 8 Units | $218,750/unit
Marketing description
8 unit apartment building | $1,750,000 ($218,750/unit) | san fernando, ca 91340
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.
Investment highlights
- No Rent Control
- 8 Units – All 1 Bedroom/1 Bathroom
- Assumable Loan – 3.89% Thru 5/29
Listing Contacts
Listed by Available Warehouses
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$116,550.00
$9,712.50/mo
Valuation Metrics
0
DSCR
6.66%
Cap Rate
6.66%
ROI
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