San Fernando, CA 91345,9929 Sepulveda Boulevard
Listed by Matthew Sillaman • West Shores Realty, Inc.
Bought with Matthew Sillaman • West Shores Realty, Inc.
$4,730,000
$5,100,000
7.3%
Est.Price: ?

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15,628 SqFt

9929 Sepulveda Boulevard San Fernando, CA 91345

Est. payment /mo
SOLD DATE : 12/08/2025

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Key Details

Sold Price $4,730,000

Property Type Commercial Sale

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 15,628 sqft

Price per Sqft $302

MLS Listing ID CRSB25197131

Year Built 1979

Lot Size 0.432 Acres

Property Sub-Type Other

Property Description

Motivated market Seller! Bring all offers. Mission Hills (SVF) multifamily opportunity built in 1979, not subject to LA City Rent Control (AB 1482 cap currently 8%). The property offers a desirable unit mix of 8 singles, 7 one-bed/one-baths, 5 two-bed/two-baths, and 3 unique two-story townhome-style units, supported by 41 parking spaces, completed soft-story retrofit, and separate utility meters. Strong financial performance with a proven track record of rent growth, tenant retention, and consistently high occupancy. Offered at a true 5.73% cap rate, the property delivers stable in-place income, low turnover, and additional upside through continued rent growth and potential ADU development. With no units significantly below market and conservative yet realistic pro forma assumptions, investors gain both immediate income security and clear long-term growth potential. The property's Mission Hills location benefits from limited multifamily inventory (as opposed to Van Nuys or NoHo), resulting in less direct rental competition within the immediate area. Located on Sepulveda Boulevard-one of the Valley's premier rental corridors, the property offers excellent connectivity to the 405, 118, and 5 Freeways, with proximity to Providence Holy Cross Medical Center, CSUN, and major retail hu

Location

State CA

County Los Angeles

Interior

Heating Other

Cooling Central Air

Laundry Other

Building

Lot Description Level

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Bay East Association of Realtors

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Peter Cheung

Peter Cheung

Realtor | CA BRE#: 02070039

+1(510) 387-3876

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