1432 San Fernando Road

1432 San Fernando Road

San Fernando, CA 91340

$850,000
Last Sold Price
3
Beds
1
Bath
3,269 Sq. Ft.
$260 / Sq. Ft.
3,269
Sq. Ft.
$260
per Sq. Ft.

Sold 9/2/22

Sold 9/2/22

a front view of a building with street
an aerial view of a city
an aerial view of a city
a view of a balcony
a view of a hallway to a room with wooden floor and furniture
a living room with furniture and a wooden floor
a open kitchen with lots of counter top space
a living room with lots of white furniture and a dining table view
a room with gym equipment

Description

We are pleased to present the opportunity to acquire a mixed-use asset located in the beautiful San Fernando Valley. As you enter the City of San Fernando along picturesque, palm-lined Brand Boulevard, you discover a community rich in California history dating back almost two centuries. San Fernando is the first and oldest city in the valley and is situated north of LosAngeles, near the foothills of the San Gabriel Mountains. Located in between S Huntington St and S Workman St, 1432 San Fernando...We are pleased to present the opportunity to acquire a mixed-use asset located in the beautiful San Fernando Valley. As you enter the City of San Fernando along picturesque, palm-lined Brand Boulevard, you discover a community rich in California history dating back almost two centuries. San Fernando is the first and oldest city in the valley and is situated north of LosAngeles, near the foothills of the San Gabriel Mountains. Located in between S Huntington St and S Workman St, 1432 San Fernando Rd is in the heart of the retail and business district of San Fernando with excellent visibility, street frontage, and presents a multitude of uses. The mixed-use property compromises a total of 3,269 Square Feet of Building and lies on 4,997 Square Feet Lot. A spacious 1,669 Square Feet of retail storefront with a bathroom is located on the first floor. The second floor has a charming living area of 1,600 Square Feet with 3 bedrooms / 1 bathroom and a large balcony. Additionally, the front of the building includes private secured gated parking. The backyard contains a lovely outdoor area with trees and flowers perfect to indulge in San Fernandos Mediterranean climate. In addition to the unique mixed-use component of the building and flexibility of delivering the property vacant, owners can take advantage of live work component and low rates of SBA financing. Investors can capitalize on this fantastic value add opportunity by collecting passive income with an appealing projected CAP rate of 5.87%. The City of San Fernando is a community of charming contrasts. What was once a land of farms and ranches adjoining the Mission de SanFernando Rey is now a vibrant center of manufacturing and commerce. San Fernando enjoys a sweeping view of the panoramic San Gabriel foothills and a sense of privacy; yet it is only minutes from downtown Los Angeles and only minutes away from other centers of commercial activity thanks to a network of freeways and nearby airports. The City combines modern metropolitan conveniences with a close-knit community offriendly, civic-minded residents. Moreover, San Fernando proudly offers responsive city services, good access to city government, a large labor pool, a lower business tax than Los Angeles, and no utility tax. San Fernando is an ideal place to live or work for many investors and owner users.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1432 San Fernando Road

Zoning
SFC2*
Parcel Number
2521003007
Total Units
2.0
Living Area
3269
Source Living Area
Vendor Enhanced
Area
San Fernando (SF)
Vacancy Rate
100
Lot Size Area
4997

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352

Sold By Keller Williams Realty-Studio City, George Kpachavi, DRE #01839703

Add your commute
LISTING UPDATED: 09/12/2022 10:09 AM

Property Details for 1432 San Fernando Road

StatusSold
MLS #21-782742
Days on Market356
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.11 AC / 4,997 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352

Sold By Keller Williams Realty-Studio City, George Kpachavi, DRE #01839703

Add your commute

Building Information for 1432 San Fernando Road

Stories-Residences-Year Built1952Building Size-Lot Size0.11 AC / 4,997 SF

Payment Calculator

$5,651 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,639

Property Taxes

$1,012

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1432 San Fernando Road

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: market
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $79,560
  • Net Operating Income: $57,522.00
  • Gross Income: $79,560
  • Cap Rate: 5.87%
  • Gross Rent Multiplier: $12.31
  • Total Annual Expense: 22038
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1147
  • Lot Size Square Feet: 4997
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-10-2021
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,250.00
  • Unit Actual Rent: $3,250.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $156,130.00
  • Assessed Improvement Percent: 26.8
  • Assessed Land Value: $426,367.00
  • Assessed Land Percent: 73.2
  • Assessed Total Value: $582,497.00

Property History for 1432 San Fernando Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1432 San Fernando Road

Taxable ValueLand$620,000Additions$230,000Total$850,000
Tax Record2023$12,139 ($1,012 / month)
Home Facts
Total Finished SqFt3,269 SqFtAbove Grade Finished SqFt3,269 SqFtStories1Lot Size4,997 SqFtStyleOffice BuildingYear Built1952ZoningSFC2*CountyLOS ANGELESAPN2521-003-007

Schools near 1432 San Fernando Road

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
San Fernando Elementary School
Public - K to 5
San Fernando Middle School
Public - 6 to 8
Valley Academy Of Arts And Sciences
Public - 9 to 12
Northridge Academy High
Public - 9 to 12
Rating
School
Distance
San Fernando Elementary School
PublicK to 5

San Fernando Middle School
Public6 to 8

Valley Academy Of Arts And Sciences
Public9 to 12

Northridge Academy High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.