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    1432 San Fernando Rd

    San Fernando, CA 91340
    • $980,000
    • STATUS: Active
    • ON SITE: 11 days
    • MLS #: 21-782742
    UPDATED: 44 min ago
    $980,000
    • 3
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,269
      SQFT
    • $300
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:
    Area:

    School Ratings & Info

    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 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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-23T15:43:15.793. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/121348525
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    1432 San Fernando Rd San Fernando, CA 91340

    • Price: $980,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 21-782742
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,269
    SQFT
    $300
    $/SQFT
    1952
    Built
    Neighborhood:
    San Fernando
    County:
    Los Angeles
    Area:
    San Fernando
    Property 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 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.
    Exterior Features

    Lot Size Area 4997 Other Structures None Parking Garage Other Total Parking 0

    Interior Features

    Baths Total 1.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 582497 Gross Income 79560 Gross Operating Income 79560 Like Units1 1 Net Operating Income 57522.00 Number Of Buildings 1 Number Of Units 2 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 22038 Type Of Units Market Year Built Source Vendor Enhanced Zoning Sfc2*

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-23T15:43:15.793. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Palm Desert CA, 92260