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Listed by Matthew Sillaman • West Shores Realty, Inc.
$ 5,100,000
Est. payment /mo
Active
9929 Sepulveda BLD CA 91345
0.43 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25197131
Year Built 1979
Lot Size 0.432 Acres
Source California Regional MLS
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 ret
Location
State CA
County Los Angeles
Area Mhl - Mission Hills
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Parking Features Assigned Spaces
Garage Spaces 41.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 2660009029
Special Listing Condition Not Applicable
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