9919 Sepulveda Blvd
Mission Hills, CA 91345
SELLER FINANCING AVAILABLE · Multifamily Property For Sale
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18 Units
Investment Highlights
- INCREASE CASHFLOW: Under AB1482, rents can be increased by 5% + inflation. For the purposes of our projected rental increases we used a 7% increase.
- VALUE ADD OPPORTUNITY: Option # 2 – Reposition the asset and sell each unit as condominiums
- HIGHLY DESIRABLE: Town home style units with private rooftop patios
- VALUE ADD OPPORTUNITY: Option # 1 – Operate ‘The Mission Hills Manor” as an apartment building and rehab units as natural attrition occurs
- VALUE ADD OPPORTUNITY: Option # 3 – Reposition the asset by utilizing the TIC (Tenants in Common) model
- Sale Subject to court confirmation and overbid. Contact Listing agents for complete details.
Property Facts
| No. Units | 18 | Lot Size | 0.45 AC |
| Property Type | Multifamily | Building Size | 22,662 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1992 |
| Building Class | C | ||
| Zoning | LAR3 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 22,662 SF |
| No. Stories | 2 |
| Year Built | 1992 |
| Zoning | LAR3 |
About 9919 SEPULVEDA BLVD , MISSION HILLS, CA 91345
9919 Sepulveda Blvd “The Mission Hills Manor” is a 22,662 SF multifamily property located in the San Fernando valley Submarket “Mission Hills.” The property resides on a 19,667 square foot lot. The Mission Hills Manor, built in 1992 as condominiums, is located on Sepulveda Blvd which is a main thoroughfare which tenants can use to dine, shop, or ride bikes. The unit mix is comprised of (18) 2 Bedroom + 2.5 Bathroom + Den town home style units, each with 2 tandem parking spaces and a private rooftop patio. The location of The Mission Hills Manor is in the highly stable rental market of Mission Hills which is adjacent to Granada Hills and is in very close proximity to the 405 freeway, 5 freeway, and 118 freeway. Each unit is equipped with central air and heat, security building and individually metered for gas and electric. Sale Subject to court confirmation and overbid. Contact Listing agents for complete details.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 18 | - | 1,259 |
Property Taxes
| Parcel Number | 2660-009-035 | Improvements Assessment | $154,787 |
| Land Assessment | $151,540 | Total Assessment | $306,327 |
Property Taxes
