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12215 San Fernando Rd
Sylmar, CA 91342
Multifamily Property For Sale
·
9 Units
Executive Summary
Lee & Associates Apartment Advisors is pleased to present 12215 San Fernando Road in Sylmar, CA. The property, originally constructed in 1937, is comprised of nine units with a mix of two x one bedroom / one bath, and seven x two bedroom / one bath apartments, situated on a +/- 0.91 acre (39,537 SF) parcel. In 2018, the property was renovated and two new units were added. There is an on-site leased laundry room, and each unit has wall a/c units. Currently, some of the excess land is used for truck parking generating $500 per month in revenue; and the additional space on the excess can be rented should the opportunity arise. Currently, the property is generating almost $15,000 per month in income.
Property Facts
| Price Per Unit | $322,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.91 AC |
| Cap Rate | 5.33% | Building Size | 4,549 SF |
| Gross Rent Multiplier | 11.29 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 3.52/1,000 SF |
| Zoning | LA C2-2D - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Use | ||
| Price Per Unit | $322,222 |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| Gross Rent Multiplier | 11.29 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 4,549 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 3.52/1,000 SF |
| Zoning | LA C2-2D - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Use |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
Property Taxes
| Parcel Number | 2611-010-012 | Improvements Assessment | $126,001 |
| Land Assessment | $222,298 | Total Assessment | $348,299 |
Property Taxes
Parcel Number
2611-010-012
Land Assessment
$222,298
Improvements Assessment
$126,001
Total Assessment
$348,299
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