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10615-10619 San Fernando Rd

4 Unit Apartment Building $1,925,000 ($481,250/Unit) 6.76% Cap Rate Pacoima, CA 91331

Executive Summary

Key Property Highlights:
4 Residential Units:
1 spacious 2-bed, 1-bath unit with a private patio and in-unit laundry.
1 comfortable 1-bed, 1-bath unit.
2 standalone studio units (400 sqft each), perfectly suited to the area’s high rental demand.
Commercial Space:
A 2,300 sqft retail/warehouse area, ideal for owner-users or continued lease opportunities.
Additional Business Revenue Stream:
The propane gas business tenant contributes steady, dependable income to the property’s bottom line—your portfolio.

Data Room Click Here to Access

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $171,696 $36.28
Other Income - -
Vacancy Loss $8,585 $1.81
Effective Gross Income $163,111 $34.46
Taxes $9,433 $1.99
Operating Expenses $32,933 $6.96
Total Expenses $42,366 $8.95
Net Operating Income $120,745 $25.51

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $171,696
Annual Per SF $36.28
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $8,585
Annual Per SF $1.81
Effective Gross Income
Annual $163,111
Annual Per SF $34.46
Taxes
Annual $9,433
Annual Per SF $1.99
Operating Expenses
Annual $32,933
Annual Per SF $6.96
Total Expenses
Annual $42,366
Annual Per SF $8.95
Net Operating Income
Annual $120,745
Annual Per SF $25.51

Property Facts

Price $1,925,000
Price Per Unit $481,250
Sale Type Investment
Cap Rate 6.76%
Gross Rent Multiplier 11.21
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low Rise
Building Class C
Lot Size 0.21 AC
Building Size 4,733 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1950/2017
Parking Ratio 2.11/1,000 SF

Unit Amenities

  • Balcony
  • Cable Ready
  • Dishwasher
  • Kitchen
  • Double Pane Windows

Site Amenities

  • 24 Hour Access
  • Fenced Lot
  • Gated

About 10615-10619 San Fernando Rd , Pacoima, CA 91331

Discover a prime investment opportunity with this versatile mixed-use property located at a highly visible intersection in the bustling San Fernando Valley. This property spans 4,733 sqft of total building space on a generous 8,997 sqft lot, blending commercial and residential uses to maximize income potential. Anchored by a 2,300 sqft retail/warehouse space, the property currently houses a hydroponics supply business., offering the flexibility to stay on-site or vacate if required. Adjacent to the commercial space is a detached two-story residential building featuring four units: a spacious 2-bed, 1-bath unit with a patio and in-unit laundry, a 1-bed, 1-bath unit, and two standalone studio units (400 sqft each) that cater to the local rental market's strong demand. Strategically positioned to attract both residential and commercial tenants, this property offers a rare combination of high visibility, ample parking for 10-12 vehicles, and an Approximately 7% CAP rate with significant upside potential. Its location provides excellent foot and vehicle traffic, ensuring steady exposure for businesses and convenience for residents. The property is also equipped with an additional storage unit, offering a supplementary income stream. The current configuration delivers immediate cash flow, while a proforma CAP rate of 7.1% (with a 4% rent increase) enhances its long-term growth potential. This is a unique opportunity to own a high-performing, income-generating asset in one of Los Angeles County's most vibrant neighborhoods. Whether you're an investor seeking stable returns or a buyer looking for a strategic mixed-use space, this property is a smart addition to your portfolio.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 $2,238 907
1+1 1 $1,800 726 - 1,800
Studios 2 $1,210 400
Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2620-029-001
Land Assessment
$624,944
Improvements Assessment
$150,223
Total Assessment
$775,167
Annual Taxes
$9,433 ($1.99/SF)
Tax Year
2024

zoning

Zoning Code CM (LACM)
CM (LACM)
  • Listing ID: 34049854

  • Date on Market: 12/2/2024

  • Last Updated:

  • Address: 10615-10619 San Fernando Rd, Pacoima, CA 91331

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