Five-Unit Apartment
For Sale
$1,425,000
1000 Glenoaks Boulevard, San Fernando, CA 91340
1976-built, five-unit property with all units featuring two bedrooms, one bath, and parking including enclosed garages.
Property Size3,516 SF
Days on Market416
Property Features for 1000 Glenoaks Boulevard
General Information
Standard status
Active
Size
3,516 SF
Property subtype
Apartment
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Additional Details
Public Transit
Yes
Building Details
Building Size
3,516 SF
Year Built
1976
Buildings
1
Listing Agency:
Pacific Properties
Listed By:
Patricia Ponce · License #01052453
(818) 612-3730
Source:
Truthrealty
Added: Aug 1, 2025
Changed: Sep 7
Last Checked: Sep 20 at 10:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pacific Properties
Investment Insights
Based on property information with market context.
This five-unit apartment building was built in 1976 and is arranged with all units as two-bedroom, one-bath homes. Each unit has parking, including enclosed garages and assigned parking.
The property is located in the City of San Fernando with easy access to shopping, restaurants, public transportation, and schools.
Tenants are on month-to-month leases. The offering is positioned for an investor considering steady occupancy with flexible tenant terms, and prospective buyers are encouraged to drive by the property to review the setting and surrounding area.
The property is located in the City of San Fernando with easy access to shopping, restaurants, public transportation, and schools.
Tenants are on month-to-month leases. The offering is positioned for an investor considering steady occupancy with flexible tenant terms, and prospective buyers are encouraged to drive by the property to review the setting and surrounding area.
Key Highlights
- Five‑unit apartment building
- All units are two‑bedroom, one‑bath layouts
- Parking includes enclosed garages and assigned parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,575
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,131,500
$1.1M
Cap Rate 7%
$808,214
$808.2K
Cap Rate 9%
$628,611
$628.6K
Market Conditions
NOI Build-Up for 3,516 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$111.8K $31.80/SF
− Vacancy
−$8.9K −$2.54/SF
EGI
$102.9K $29.26/SF
− OpEx
−$46.3K −$13.17/SF
NOI
$56.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,131,500
Cap Rate 7%
$808,214
Cap Rate 9%
$628,611
Alternative Uses
Best Use
Apartment 5plus
$808.2K
$707.2K – $942.9K
NOI $56,575 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,772 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,647
Businesses Nearby
Explore this area
Business Placement
Demographics for 91340, CA
34,610
Population
9,011
Households
3.8
Avg Household Size
35
Median Age
14%
College-Educated
64%
High-School Grad
3.4 sq mi
ZIP Area
10,179
Density / Sq Mi
$79,124
Median Household Income
$37,193
Median Earnings
$1,740
Median Rent
$624,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 1976-built, five-unit property with all units featuring two bedrooms, one bath, and parking including enclosed garages.
Where is this apartment building located?
The property is located at 1000 Glenoaks Boulevard San Fernando, CA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Five‑unit apartment building; All units are two‑bedroom, one‑bath layouts; Parking includes enclosed garages and assigned parking
