0.43 Acres Lot
0.43 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25197131
HOA Y/N No
Year Built 1979
Lot Size 0.432 Acres
Property Sub-Type Apartment
Property Description
Strong financial performance with a proven track record of rent growth, tenant retention, and consistently high occupancy. Offered at a true 5.73% cap rate, the property delivers stable in-place income, low turnover, and additional upside through continued rent growth and potential ADU development. With no units significantly below market and conservative yet realistic pro forma assumptions, investors gain both immediate income security and clear long-term growth potential.
The property's Mission Hills location benefits from limited multifamily inventory (as opposed to Van Nuys or NoHo), resulting in less direct rental competition within the immediate area. Located on Sepulveda Boulevard—one of the Valley's premier rental corridors, the property offers excellent connectivity to the 405, 118, and 5 Freeways, with proximity to Providence Holy Cross Medical Center, CSUN, and major retail hubs.
Location
State CA
County Los Angeles
Area Mhl - Mission Hills
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplaces Type Family Room
Fireplace Yes
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 41.0
Garage Description 41.0
Pool None
Community Features Urban
Total Parking Spaces 41
Private Pool No
Building
Lot Description Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2660009029
Acceptable Financing Cash, Conventional, Contract, 1031 Exchange
Listing Terms Cash, Conventional, Contract, 1031 Exchange
Special Listing Condition Standard
