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141-143 Orange Grove Ave
San Fernando, CA 91340
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Non-Rent Control
- City of San Fernando Benefits
Executive Summary
Major Price Reduction. Motivated Seller.
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 1 point, allowing a savvy buyer to bypass today’s lending environment and lock in significant savings. No issue at all if a buyer is uninterested in assuming the loan, Seller is flexible.
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 1 point, allowing a savvy buyer to bypass today’s lending environment and lock in significant savings. No issue at all if a buyer is uninterested in assuming the loan, Seller is flexible.
Property Facts
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Sale Condition | 1031 Exchange | Building Size | 6,941 SF |
| Gross Rent Multiplier | 10.24 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | SFR3* - No Rent Control! | ||
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.24 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,941 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | SFR3* - No Rent Control! |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Instant Hot Water
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 2520-002-004 | Improvements Assessment | $560,436 |
| Land Assessment | $128,431 | Total Assessment | $688,867 |
Property Taxes
Parcel Number
2520-002-004
Land Assessment
$128,431
Improvements Assessment
$560,436
Total Assessment
$688,867
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