Courtesy of: Filip Niculete 01905352 | Marcus & Millichap
Purchase Type: Sale
MLS ID: 21782742
Days On Market: 8
Year Build: 1952
Lot size: 0.11
Property Type: Residential Income
New Construction: No
Swimming Pool: No
Has Waterfront: No
Address: 1432 San Fernando Road
County: Los Angeles
City: San Fernando
Neighborhood: Sf - 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.
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