143, Orange Grove Avenue, San Fernando, Los Angeles County, California, 91340, United States, California, San Fernando
$2,150,000
Overview
Multifamily Property Type
1958 Year Built
6,941 SF Area Size
Description
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.
