9929 Sepulveda Blvd Mission Hills, CA 91345
Estimated payment $32,272/month
Highlights
- 0.43 Acre Lot
- No HOA
- Central Heating and Cooling System
- Vintage Math, Science, and Technology Magnet School Rated A-
- Laundry Room
- Level Lot
About This Home
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.
Listing Agent
West Shores Realty, Inc. Brokerage Phone: 541-543-0407 License #01925847 Listed on: 09/02/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1979
Lot Details
- 0.43 Acre Lot
- 1 Common Wall
- Level Lot
Parking
- 41 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 15,628 Sq Ft Home
- 2-Story Property
- Family Room with Fireplace
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Additional Features
- Urban Location
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 109603
- Assessor Parcel Number 2660009029
- $2,662 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 23 Units
Amenities
- Laundry Facilities
Building Details
- 24 Separate Electric Meters
- 24 Separate Gas Meters
- 24 Separate Water Meters
- Electric Expense $12,600
- Gardener Expense $6,000
- Insurance Expense $25,580
- Maintenance Expense $22,425
- Pest Control $550
- Professional Management Expense $16,737
- Trash Expense $7,200
- Water Sewer Expense $12,600
- Security Expense $3,900
- New Taxes Expense $62,220
- Operating Expense $171,432
- Gross Income $9,720
- Net Operating Income $292,418
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | Price Changed | $1,950 | 0.0% | $2 / Sq Ft |
| 09/02/2025 09/02/25 | For Sale | $5,100,000 | 0.0% | $326 / Sq Ft |
| 06/10/2025 06/10/25 | Price Changed | $2,350 | -9.6% | $2 / Sq Ft |
| 05/23/2025 05/23/25 | Price Changed | $2,600 | -1.0% | $3 / Sq Ft |
| 05/11/2025 05/11/25 | Price Changed | $2,625 | +59.1% | $3 / Sq Ft |
| 05/24/2024 05/24/24 | Price Changed | $1,650 | -7.0% | $2 / Sq Ft |
| 05/21/2024 05/21/24 | For Rent | $1,775 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25197131
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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