6-Unit Apartment
New
For Sale
$1,790,000
1023 Hewitt Street, San Fernando, CA 91340
Five residences are occupied, while one unit is vacant.
Property Size4,050 SF
Lot Size0.15 Acres
Price / SF$441.98
Days on Market2
Property Features for 1023 Hewitt Street
General Information
Standard status
Active
Size
4,050 SF
Total Parking Spaces
6
Lot size
0.15 Acres
Property subtype
Apartment
Additional Details
Multifamily Units
6
Tenant in Place
Yes
Building Details
Building Size
4,050 SF
Year Built
1958
Listing Agency:
JohnHart Real Estate
Listed By:
Juan Alderete · License #01974339
(818) 743-3793
Source:
Archetyperealty
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:08PM
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 JohnHart Real Estate
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Investment Insights
Based on property information with market context.
The San Fernando apartment property contains six residential units with a combined 14 bedrooms and 6 bathrooms. Building area is approximately 4,050 square feet on a 6,516-square-foot parcel. Six uncovered parking spaces serve the property, which was built in 1958.
Five of the six units are occupied, and one is vacant. The property is located at 1023 Hewitt Street in San Fernando, California.
Five of the six units are occupied, and one is vacant. The property is located at 1023 Hewitt Street in San Fernando, California.
Key Highlights
- Six residential units with a combined 14 bedrooms and 6 bathrooms
- Approximately 4,050 square feet of living space on a 6,516‑square‑foot lot
- Six uncovered parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,168
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,360
$1.3M
Cap Rate 7%
$930,971
$931.0K
Cap Rate 9%
$724,089
$724.1K
Market Conditions
NOI Build-Up for 4,050 SF
Gross rent
$128.8K $31.80/SF
− Vacancy
−$10.3K −$2.54/SF
EGI
$118.5K $29.26/SF
− OpEx
−$53.3K −$13.17/SF
NOI
$65.2K $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 Rate 5%
$1,303,360
Cap Rate 7%
$930,971
Cap Rate 9%
$724,089
Alternative Uses
Best Use
Apartment 5plus
$931.0K
$814.6K – $1.09M
NOI $65,168 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,785 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,886
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five residences are occupied, while one unit is vacant.
Where is this apartment building located?
The property is located at 1023 Hewitt Street San Fernando, CA.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Six residential units with a combined 14 bedrooms and 6 bathrooms; Approximately 4,050 square feet of living space on a 6,516‑square‑foot lot; Six uncovered parking spaces
