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206 Harps St 6 Unit Apartment Building $1,550,000 ($258,333/Unit) 5.13% Cap Rate San Fernando, CA 91340



Investment Highlights
- Fantastic multifamily offering in the amazing city of San Fernando CA outside of LA city rent control .
- There is ample parking and includes a separate structure with three garages that could be easily transformed into additional dwelling units - ADU's .
- Well kept 6 unit property sits on a huge 9,000 sq ft lot on a quiet tree lined street.
- The building has a nice mix mix of one and two bedroom units and the units are in good condition with newer windows and updated electrical sub panels.
Executive Summary
Fantastic multifamily offering in the amazing city of San Fernando CA outside of LA city rent control . This well kept 6 unit property sits on a huge 9,000 sq ft lot on a quiet tree lined street. There is ample parking and includes a separate structure with three garages that could be easily transformed into additional dwelling units - ADU's .
The building has a nice mix mix of one and two bedroom units and the units are in good condition with newer windows and updated electrical sub panels.
At this price point you cant beat owning 6 units and having the ability to add units and still retain surface parking. Easy to mange and low maintenance makes this a perfect asset for any household.
The building has a nice mix mix of one and two bedroom units and the units are in good condition with newer windows and updated electrical sub panels.
At this price point you cant beat owning 6 units and having the ability to add units and still retain surface parking. Easy to mange and low maintenance makes this a perfect asset for any household.
Property Facts
| Price | $1,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $258,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.13% | Building Size | 4,058 SF |
| Gross Rent Multiplier | 11.99 | Average Occupancy | 97% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R3, San Fernando | ||
| Price | $1,550,000 |
| Price Per Unit | $258,333 |
| Sale Type | Investment |
| Cap Rate | 5.13% |
| Gross Rent Multiplier | 11.99 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,058 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3, San Fernando |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2520-020-002 | Improvements Assessment | $295,451 |
| Land Assessment | $273,289 | Total Assessment | $568,740 |
Property Taxes
Parcel Number
2520-020-002
Land Assessment
$273,289
Improvements Assessment
$295,451
Total Assessment
$568,740
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206 Harps St
