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9949 Sepulveda Boulevard, Mission Hills (San Fernando), CA 91345

Property Details

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9949 Sepulveda Boulevard
Mission Hills (San Fernando), CA 91345

For Sale: $9,650,000

Property Type: Commercial Apartments
MLS#: OC18019254

  • Building Size: 32162 SF
  • Lot Size: 37461.6 SF
  • Number of Units: 42
  • Year Built: 1979
  • Days on market: 299
  • Net Operating Income: $380,191
  • Gross Scheduled Income: $636,301
  • Rent Control: No
  • Contact Listing Agent Direct:
  • Mike Marcu, Mike Marcu, Broker

Property Description

PRICE REDUCED AS SELLERS HAVE FOUND A PLACE FOR THE EQUITY TO GO!! The Montecito North & South is a 42 unit Non Rent Controlled Apartment Community in Mission Hills (Los Angeles) California. Consisting of two separate buildings and lots, 9949 Sepulveda is a 23 unit apartment building and 9969 Sepulveda is a 19 unit apartment building. Both properties have had the earthquake retrofit work completed. Featuring Studios, One Bedroom (3 are Townhouses), Two Bedroom One and Two Bath the unit mix is well balanced. Each building has a laundry room and there are a total of 81 parking spaces, both tuck under and open, for the tenants. Tremendous rental upside exists as The Montecito North & South can have unit interiors upgraded and rents increased.

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9949 Sepulveda Boulevard, Mission Hills (San Fernando), CA 91345

Based on information from California Regional Multiple Listing Service, Inc. as of August 20, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Mike Marcu, Mike Marcu, Broker

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