9929 Sepulveda Boulevard Active Save Request In-Person Tour Request Virtual Tour
Mission Hills (san Fernando),CA 91345
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 15,628 sqft
Price per Sqft $326
MLS Listing ID SB-25197131
Year Built 1979
Lot Size 0.432 Acres
Property Sub-Type Apartment
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 hubs.
Location
State CA
County Los Angeles
Area Mhs - Mission Hills
Zoning LAR3
Interior
Heating Central
Fireplaces Type Family Room
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 41.0
Pool None
Community Features Urban
Building
Lot Description Level
Sewer Public Sewer