CA > San Fernando
San Fernando, CA 91345,9929 Sepulveda BLVD
San Fernando, CA 91345,9929 Sepulveda BLVD
San Fernando, CA 91345,9929 Sepulveda BLVD
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,100,000
Est. payment /mo
0.43 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25197131

HOA Y/N No

Year Built 1979

Lot Size 0.432 Acres

Property Sub-Type Apartment

Property Description

Motivated market Seller! Bring all offers. Mission Hills (SVF) multifamily opportunity built in 1979, not subject to LA City Rent Control (AB 1482 cap currently 8%). The property offers a desirable unit mix of 8 singles, 7 one-bed/one-baths, 5 two-bed/two-baths, and 3 unique two-story townhome-style units, supported by 41 parking spaces, completed soft-story retrofit, and separate utility meters.

Strong financial performance with a proven track record of rent growth, tenant retention, and consistently high occupancy. Offered at a true 5.73% cap rate, the property delivers stable in-place income, low turnover, and additional upside through continued rent growth and potential ADU development. With no units significantly below market and conservative yet realistic pro forma assumptions, investors gain both immediate income security and clear long-term growth potential.

The property's Mission Hills location benefits from limited multifamily inventory (as opposed to Van Nuys or NoHo), resulting in less direct rental competition within the immediate area. Located on Sepulveda Boulevard—one of the Valley's premier rental corridors, the property offers excellent connectivity to the 405, 118, and 5 Freeways, with proximity to Providence Holy Cross Medical Center, CSUN, and major retail hubs.

Location

State CA

County Los Angeles

Area Mhl - Mission Hills

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplaces Type Family Room

Fireplace Yes

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 41.0

Garage Description 41.0

Pool None

Community Features Urban

Total Parking Spaces 41

Private Pool No

Building

Lot Description Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2660009029

Acceptable Financing Cash, Conventional, Contract, 1031 Exchange

Listing Terms Cash, Conventional, Contract, 1031 Exchange

Special Listing Condition Standard

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CRMLS – RECore
Listed by Matthew Sillaman West Shores Realty, Inc. 541-543-0407

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