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9929 Sepulveda Boulevard

9929 Sepulveda Boulevard, San Fernando, CA 91345

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.

Features & Amenities

Interior

Laundry Room Common Area
Fireplace Family Room

Exterior

Stories 2
Garage Space 41.0
Water Source Public
POOL None
Lot Features Level
Parking Assigned
Heat Type Central
Air Conditioning Central Air
Sewer Public Sewer

Area & Lot

Status For Sale
LIVING SPACE 15,628 Sq.Ft.
TOTAL AREA 15,628 Sq.Ft.
LOT SIZE 0.43 Acres
MLS® ID SB25197131
Type Condo
Year Built 1979

Financial

SALES PRICE $5,100,000
Maintenance Fee $22,425/mo
Zoning LAR3

Work With Guillermo

Your home is your sanctuary. Letting go of that sanctuary can be a traumatic process. Finding a new haven can be just as daunting. Guillermo understands and his goal is to find your perfect new home that will not only suit your budget, but also give you immediate peace and protection the moment you walk through the door.

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