$3,000,000

RE/MAX Commercial and Investment Realty is proud to present this rare offering of The 2nd Street Apartments located in the highly sought after City of San Fernando. An 11-unit multifamily building comprised of (10) one bedroom + one bath units, and (1) two bedroom + one bath unit. The property sits on a huge lot of 15,831 sqft and has an amazing added value potential. The building was constructed in 1952 and is not subject to the Los Angeles rent control ordinance only State rent control AB 1482.Tenants enjoy the convenience of having laundry onsite and plenty of garage, carport, and onsite parking spaces totaling 15. Within a short 8 minute walking distance to the San Fernando/Sylmar Metrolink station. The 2nd street apartments boost a walking score of 73 and is conveniently located near freeways (210, 118, 5, and 405), Hospitals (Providence Holy Cross Medical Center), and Schools (Dyer Elementary, San Fernando Middle school, and Sylmar High School). This is an ideal investment for a seasonal or 1031 exchange buyer wishing to acquire a property with great cash flow all while reaping the benefits of owning in the City of San Fernando.