9949 Sepulveda Boulevard

    Mission Hills (San Fernando), CA 91345
    • $9,650,000
    • STATUS: Active
    • ON SITE: 172 days
    • ID#: OC18019254
    UPDATED: 68 min ago
    $9,650,000
    • 0
      BEDS
    • 0.86
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 32,162
      SQFT
    • $300
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    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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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T19:31:46.8. 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.
    www.amazingtemeculahomes.com/homes/80257819

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

    • Price: $9,650,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: OC18019254
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.86
    Acres
    32,162
    SQFT
    $300
    $/SQFT
    1979
    Built
    Neighborhood:
    MHL - Mission Hills
    County:
    Los Angeles
    Area:
    MHL - Mission Hills
    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.
    Exterior Features

    Garage Spaces 0.00 Lot Features 36-40 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Features Assigned Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Community

    Property Features

    Additional Parcels Description 2660-009-027 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStreet LightingSuburban Country Us Electric Expense 5500.00 Elevation Units Feet Fuel Expense 8250.00 Gardener Expense 3600.00 Gross Income 9660.00 Gross Operating Income 636301.00 Gross Scheduled Income 655980.00 Insurance Expense 8400.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 6804.00 Laundry YN Yes Maintenance Expense 30385.00 Maintenance Percent 5.00 Net Operating Income 380191.00 New Taxes Expense 115127.00 Number Of Separate Electric Meters 44 Number Of Separate Gas Meters 44 Number Of Separate Water Meters 2 Number Of Units Leased 42 Number Wall AC 44 Number With Disposal 44 Operating Expense 256110.00 Other Expense 1200.00 Other Expense Description Ads Other Income1 2856.00 Professional Management Expense 18234.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 53860.00 Total Expenses 256110.00 Trash Expense 11620.00 Vacancy Allowance 19679 Vacancy Allowance Rate 3.00 Water Sewer Expense 30669.00 Water Source Public Workmans Compensation Expense 18234.00 Year Built Source Assessor

    Listing provided courtesy of Mike Marcu of Mike Marcu, Broker.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T19:31:46.8. 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.
     
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