9929 Sepulveda Boulevard, Mission Hills San Fernan, CA 91345
  • MLS#: SB25197131 ( Apartment )
  • Street Address: 9929 Sepulveda Boulevard
  • Viewed: 6
  • Price: $5,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1979
  • Bldg sqft: 0
  • Days On Market: 75
  • Additional Information
  • County: LOS ANGELES
  • City: Mission Hills San Fernan
  • Zipcode: 91345
  • Provided by: West Shores Realty, Inc.
  • Contact: Matthew Matthew
  • California Regional MLS IDX
  • DMCA Notice
  • 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 propertys 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 Boulevardone of the Valleys 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.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 15628.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Cooling
  1. Central Air
Country
  1. US
Electric Expense
  1. 12600.00
Entry Location
  1. Sepulveda Blvd.
Fireplace Features
  1. Family Room
Fuel Expense
  1. 0.00
Garage Spaces
  1. 41.00
Gardner Expense
  1. 6000.00
Heating
  1. Central
Insurance Expense
  1. 25580.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Common Area
Laundry Income
  1. 5520.00
Levels
  1. Two
Lot Features
  1. Level
Netoperatingincome
  1. 292418.00
Newtaxesexpense
  1. 62220.00
Number Of Separate Electric Meters
  1. 24
Number Of Separate Gas Meters
  1. 24
Number Of Separate Water Meters
  1. 24
Parcel Number
  1. 2660009029
Parking Features
  1. Assigned
Pest Control Expense
  1. 550.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 16737.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 446358668:CRM
Totalexpenses
  1. 171432.00
Trash Expense
  1. 7200.00
Water Sewer Expense
  1. 12600.00
Water Source
  1. Public
Year Built
  1. 1979
Year Built Source
  1. Assessor
Zoning
  1. LAR3