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606 N Maclay Ave 6 Unit Apartment Building $1,249,000 ($208,167/Unit) San Fernando, CA 91340
INVESTMENT HIGHLIGHTS
- No Rent Control in City of San Fernando
EXECUTIVE SUMMARY
Presented by Art Minassian & Ron Kassan
AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc.
606 N Maclay Ave presents a rare opportunity to acquire a well-located, 1962 construction 6-unit apartment building + storefront retail in the highly desirable non-rent-controlled market of San Fernando. The property features an ideal mix of 1 retail unit + mixed residential units, including one 3-bedroom / 1-bath unit, one 2-bedroom / 1-bath unit, one 1-bedroom/1-bath unit, and 3 studio units. The property is generating a current monthly gross income of $10,695.
All units are individually metered for gas and electric, and the building has been maintained by long-term ownership. The building provides modern layouts, few (if any) deferred maintenance concerns, and flexibility not typically found in older inventory.
Located on the main artery of San Fernando 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.
Please call broker for more information.
AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc.
606 N Maclay Ave presents a rare opportunity to acquire a well-located, 1962 construction 6-unit apartment building + storefront retail in the highly desirable non-rent-controlled market of San Fernando. The property features an ideal mix of 1 retail unit + mixed residential units, including one 3-bedroom / 1-bath unit, one 2-bedroom / 1-bath unit, one 1-bedroom/1-bath unit, and 3 studio units. The property is generating a current monthly gross income of $10,695.
All units are individually metered for gas and electric, and the building has been maintained by long-term ownership. The building provides modern layouts, few (if any) deferred maintenance concerns, and flexibility not typically found in older inventory.
Located on the main artery of San Fernando 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.
Please call broker for more information.
PROPERTY FACTS
| Price | $1,249,000 | Apartment Style | Low-Rise |
| Price Per Unit | $208,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,500 SF |
| Gross Rent Multiplier | 9.73 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1962 |
| Property Type | Multifamily | Parking Ratio | 1.56/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | SFC2* - Commercial | ||
| Price | $1,249,000 |
| Price Per Unit | $208,167 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 9.73 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,500 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | SFC2* - Commercial |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- On-Site Retail
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 550 |
| 2+1 | 1 | - | 650 |
| 3+1 | 1 | - | 800 |
| Studios | 3 | - | 450 |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 2515-001-012 | Improvements Assessment | $327,311 |
| Land Assessment | $366,417 | Total Assessment | $693,728 |
PROPERTY TAXES
Parcel Number
2515-001-012
Land Assessment
$366,417
Improvements Assessment
$327,311
Total Assessment
$693,728
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606 N Maclay Ave
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