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123 Orange Grove Ave 5 Unit Apartment Building $1,275,000 ($255,000/Unit) San Fernando, CA 91340
Executive Summary
Presented by Art Minassian & Ron Kassan
AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc.
MOTIVATED SELLER!
123 Orange Grove Ave presents a rare opportunity to acquire a well-located, 1986 construction 5-unit apartment building in the highly desirable non-rent-controlled market of San Fernando. The property features an ideal mix of large residential units, including two 3-bedroom / 1-bath units and three 2-bedroom / 1-bath units, generating a current monthly gross income of $10,410.
All units are individually metered for gas and electric, and the building has been maintained by long-term ownership. The newer construction (post-1978) provides modern layouts, fewer deferred maintenance concerns, and flexibility not typically found in older inventory.
Located on a quiet residential street with strong tenant demand and low vacancy, this offering is well-suited for both first-time and seasoned multifamily investors seeking stable income, long-term appreciation, and operational upside without the restrictions of rent control.
ALSO - There's an assumable loan at below 4% interest rate with an adjustment in November 2027 - allowing a buyer to take advantage of a below-market interest rate for 2 years.
AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc.
MOTIVATED SELLER!
123 Orange Grove Ave presents a rare opportunity to acquire a well-located, 1986 construction 5-unit apartment building in the highly desirable non-rent-controlled market of San Fernando. The property features an ideal mix of large residential units, including two 3-bedroom / 1-bath units and three 2-bedroom / 1-bath units, generating a current monthly gross income of $10,410.
All units are individually metered for gas and electric, and the building has been maintained by long-term ownership. The newer construction (post-1978) provides modern layouts, fewer deferred maintenance concerns, and flexibility not typically found in older inventory.
Located on a quiet residential street with strong tenant demand and low vacancy, this offering is well-suited for both first-time and seasoned multifamily investors seeking stable income, long-term appreciation, and operational upside without the restrictions of rent control.
ALSO - There's an assumable loan at below 4% interest rate with an adjustment in November 2027 - allowing a buyer to take advantage of a below-market interest rate for 2 years.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,000
|
$11.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,000
|
$11.02
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$21,055
|
$1.93
|
| Net Operating Income |
$98,945
|
$9.09
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $11.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $11.02 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $21,055 |
| Annual Per SF | $1.93 |
| Net Operating Income | |
|---|---|
| Annual | $98,945 |
| Annual Per SF | $9.09 |
Property Facts
| Price | $1,275,000 | Apartment Style | Low-Rise |
| Price Per Unit | $255,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Gross Rent Multiplier | 10.2 | Building Size | 10,888 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 3/1,000 SF |
| Zoning | SFR3* - Industrial General | ||
| Price | $1,275,000 |
| Price Per Unit | $255,000 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10.2 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 10,888 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 3/1,000 SF |
| Zoning | SFR3* - Industrial General |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 3+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 2520-002-001 | Improvements Assessment | $562,968 (2025) |
| Land Assessment | $131,343 (2025) | Total Assessment | $694,311 (2025) |
Property Taxes
Parcel Number
2520-002-001
Land Assessment
$131,343 (2025)
Improvements Assessment
$562,968 (2025)
Total Assessment
$694,311 (2025)
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123 Orange Grove Ave
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