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12215 San Fernando Rd 9 Unit Apartment Building $4,071,107 CAD ($452,345 CAD/Unit) 5.33% Cap Rate Sylmar, CA 91342
Executive Summary
Lee & Associates Apartment Advisors is pleased to present 12215 San Fernando Road in Sylmar, CA. The property, originally constructed in 1937, is comprised of nine units with a mix of two x one bedroom / one bath, and seven x two bedroom / one bath apartments, situated on a +/- 0.91 acre (39,537 SF) parcel. In 2018, the property was renovated and two new units were added. There is an on-site leased laundry room, and each unit has wall a/c units. Currently, some of the excess land is used for truck parking generating $500 per month in revenue; and the additional space on the excess can be rented should the opportunity arise. Currently, the property is generating almost $15,000 per month in income.
Property Facts
| Price | $4,071,107 CAD | Building Class | C |
| Price Per Unit | $452,345 CAD | Lot Size | 0.91 AC |
| Sale Type | Investment | Building Size | 4,549 SF |
| Cap Rate | 5.33% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.29 | No. Stories | 1 |
| No. Units | 9 | Year Built | 1940 |
| Property Type | Multifamily | Parking Ratio | 3.52/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LA C2-2D - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Use | ||
| Price | $4,071,107 CAD |
| Price Per Unit | $452,345 CAD |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| Gross Rent Multiplier | 11.29 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 4,549 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 3.52/1,000 SF |
| Zoning | LA C2-2D - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Use |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2611-010-012 | Improvements Assessment | $176,884 CAD |
| Land Assessment | $312,069 CAD | Total Assessment | $488,953 CAD |
Property Taxes
Parcel Number
2611-010-012
Land Assessment
$312,069 CAD
Improvements Assessment
$176,884 CAD
Total Assessment
$488,953 CAD
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12215 San Fernando Rd
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