Duplex with Separate Electric
For Sale
$1,049,900
11826 Fellows, San Fernando, CA 91340
Two-unit property with central air, heating, and a tankless water heater.
Property Size2,756 SF
Price / SF$380.95
Days on Market8
Property Features for 11826 Fellows
General Information
Standard status
Active
Size
2,756 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Building Size
2,756 SF
Year Built
1959
Buildings
1
Listing Agency:
LPT Realty, Inc
Listed By:
Sandy Segovia · License #01375600
Source:
Truthrealty
Added: Sep 5
Changed: Sep 11
Last Checked: Sep 11 at 3:25PM
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 LPT Realty, Inc
Investment Insights
Based on property information with market context.
This duplex at 11826 Fellows in San Fernando contains approximately 2,756 square feet of total living space across two residential units. The property includes central air conditioning and heating, along with a tankless water heater. Each unit has its own electricity meter, while gas service is provided through one shared meter.
Built in 1959, the property is situated in the San Fernando Valley near shopping, dining, schools, transportation, and major commuter routes. The configuration supports separate residential occupancy within one property, with the unit bedroom and bathroom counts subject to independent verification along with square footage, permits, and property configuration.
Built in 1959, the property is situated in the San Fernando Valley near shopping, dining, schools, transportation, and major commuter routes. The configuration supports separate residential occupancy within one property, with the unit bedroom and bathroom counts subject to independent verification along with square footage, permits, and property configuration.
Key Highlights
- Two‑unit duplex with approximately 2,756 square feet of total living space
- Separate electricity meter for each unit
- One shared gas meter serves the property
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
$48,130
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
4.58%
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%
$962,600
$962.6K
Cap Rate 7%
$687,571
$687.6K
Cap Rate 9%
$534,778
$534.8K
Market Conditions
NOI Build-Up for 2,756 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
$74.4K $27.00/SF
− Vacancy
−$5.7K −$2.05/SF
EGI
$68.8K $24.95/SF
− OpEx
−$20.6K −$7.48/SF
NOI
$48.1K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$962,600
Cap Rate 7%
$687,571
Cap Rate 9%
$534,778
Alternative Uses
Best Use
Multifamily LT 5
$687.6K
$601.6K – $802.2K
NOI $48,130 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$633.5K
$554.3K – $739.1K
NOI $44,346 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,289 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
884
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
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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?
Duplex - Two-unit property with central air, heating, and a tankless water heater.
Where is this duplex located?
The property is located at 11826 Fellows San Fernando, CA.
What is the asking price?
The asking price for this property is $1,049,900.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,756 square feet of total living space; Separate electricity meter for each unit; One shared gas meter serves the property
