123 Orange Grove Ave 5 Unit Apartment Building $1,779,798 CAD ($355,960 CAD/Unit) San Fernando, CA 91340

Presented by Art Minassian & Ron Kassan
AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc.
MOTIVATED SELLER!
123 Orange Grove Ave presents a rare opportunity to acquire a well-located, 1986 construction 5-unit apartment building in the highly desirable non-rent-controlled market of San Fernando. The property features an ideal mix of large residential units, including two 3-bedroom / 1-bath units and three 2-bedroom / 1-bath units, generating a current monthly gross income of $10,410.
All units are individually metered for gas and electric, and the building has been maintained by long-term ownership. The newer construction (post-1978) provides modern layouts, fewer deferred maintenance concerns, and flexibility not typically found in older inventory.
Located on a quiet residential street 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.
ALSO - There's an assumable loan at below 4% interest rate with an adjustment in November 2027 - allowing a buyer to take advantage of a below-market interest rate for 2 years.