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1914 2nd St 7 Unit Apartment Building $2,128,778 CAD ($304,111 CAD/Unit) San Fernando, CA 91340
INVESTMENT HIGHLIGHTS
- No Rent Control
- Assumable Loan at 3.65%
EXECUTIVE SUMMARY
Major Price Reduction!
1914 2nd St, San Fernando, CA 91340
7 Units | Non-Rent Controlled | Assumable Financing Available
Offered at: $1,525,000
Presented by Art Minassian
AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc.
An ideal San Fernando Valley multifamily opportunity: 7 total units, consisting of six 1-bedroom / 1-bath units and one spacious 3-bedroom / 1-bath unit, generating a strong gross annual income of approximately $150,000.
This non-rent-controlled asset gives investors the rare chance to capitalize on immediate returns with flexible operational potential, and it comes with a powerful financing advantage: the property features an assumable loan with a fixed 3.65% interest rate, maturing on May 1, 2026. Current loan balance is approximately $800,000. Buyer must pay a 1-point assumption fee — a compelling alternative to today’s high interest rates.
1914 2nd St, San Fernando, CA 91340
7 Units | Non-Rent Controlled | Assumable Financing Available
Offered at: $1,525,000
Presented by Art Minassian
AvailableWarehouses.com Team – Spectrum Commercial Real Estate, Inc.
An ideal San Fernando Valley multifamily opportunity: 7 total units, consisting of six 1-bedroom / 1-bath units and one spacious 3-bedroom / 1-bath unit, generating a strong gross annual income of approximately $150,000.
This non-rent-controlled asset gives investors the rare chance to capitalize on immediate returns with flexible operational potential, and it comes with a powerful financing advantage: the property features an assumable loan with a fixed 3.65% interest rate, maturing on May 1, 2026. Current loan balance is approximately $800,000. Buyer must pay a 1-point assumption fee — a compelling alternative to today’s high interest rates.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$186,041
|
$32.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$186,041
|
$32.59
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$38,311
|
$6.71
|
| Net Operating Income |
$147,730
|
$25.88
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $186,041 |
| Annual Per SF | $32.59 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $186,041 |
| Annual Per SF | $32.59 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,311 |
| Annual Per SF | $6.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $147,730 |
| Annual Per SF | $25.88 |
PROPERTY FACTS
| Price | $2,128,778 CAD | Building Class | C |
| Price Per Unit | $304,111 CAD | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 5,708 SF |
| Gross Rent Multiplier | 10.65 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1906 |
| Property Subtype | Apartment | Parking Ratio | 4.86/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, San Fernando - restricted Density Multiple Dwelling | ||
| Price | $2,128,778 CAD |
| Price Per Unit | $304,111 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 10.65 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 5,708 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1906 |
| Parking Ratio | 4.86/1,000 SF |
| Zoning | R3, San Fernando - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 2520-002-005 | Improvements Assessment | $326,690 CAD (2025) |
| Land Assessment | $641,308 CAD (2025) | Total Assessment | $967,998 CAD (2025) |
PROPERTY TAXES
Parcel Number
2520-002-005
Land Assessment
$641,308 CAD (2025)
Improvements Assessment
$326,690 CAD (2025)
Total Assessment
$967,998 CAD (2025)
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1914 2nd St
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