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$5,100,000
Est. payment /mo
4 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25197131
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
Motivated market Seller! Bring all offers. Mission Hills (SVF) multifamily opportunity built in 1979, not subject to LA City Rent Control (AB 1482 cap currently 8%). The property offers a desirable unit mix of 8 singles, 7 one-bed/one-baths, 5 two-bed/two-baths, and 3 unique two-story townhome-style units, supported by 41 parking spaces, completed soft-story retrofit, and separate utility meters. 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 propertys 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 Boulevardone of the Valleys 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
Zoning Assessor
Direction Located just north of Sepulveda Blvd. & Lassen St.
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2660009029
Acceptable Financing Cash, Conventional, Exchange, Land Contract
Listing Terms Cash, Conventional, Exchange, Land Contract
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Listed by Matthew Sillaman West Shores Realty, Inc.
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