Six-Unit Apartment
For Sale
Under Contract
$1,750,000
1229 Hollister St, San Fernando, CA 91340
Residential Income, Contemporary, San Fernando, CA
Property Size4,296 SF
Lot Size0.17 Acres
Price / SF$407.36
Days on Market81
Property Features for 1229 Hollister St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SFR2*
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 7, Bedroom 12, Bedroom 10, Bathroom 1, Bedroom 8, Bedroom 6, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 11, Bedroom 3, Bathroom 5, Bathroom 2, Bedroom 2, Bedroom 9, Dining Room, Bathroom 6, Bathroom 4, Bedroom 1
Parking
6
Parking features
Assigned
Window features
Blinds
Appliances
Gas/Electric Range
Lot features
Curbs, Gutters, Street Paved, Street Lighting, Utilities - Overhead, Sidewalks
Elementary school district
Los Angeles Unified
Middle school district
Los Angeles Unified
High school district
Los Angeles Unified
Directions
Please use your maps
Subdivision
San Fernando
Standard status
Active Under Contract
APN
2521-022-014
Size
4,296 SF
Lot size
0.17 Acres
Utilities
Heating system
Central
Water source
Public
Amenities
central air
Building Details
Year built
1997
Floors in Building
2
Number of units
6
Flooring type
Laminate, Carpet, Mixed
Roof type
Flat
Architectural style
Contemporary
Listing Agency:
Estate Properties
(310) 559-5570
Listed By:
Ronald Losch · License #00966606
(310) 701-4111
Added: Jul 14
Changed: Sep 29
Last Checked: Oct 2 at 10:06PM
MLS# 26858007
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 1997-built apartment property contains six residences, each configured with two bedrooms and one bathroom. The building totals 4,296 square feet on a 0.1724-acre parcel. Central air conditioning serves every unit, and five of the air-conditioning systems have been replaced in recent years. Most residences have also received updates.
Each apartment has assigned parking. Tenants pay their own gas and electric costs. The property is located on Hollister Street in San Fernando, California, and is zoned SFR2*.
Each apartment has assigned parking. Tenants pay their own gas and electric costs. The property is located on Hollister Street in San Fernando, California, and is zoned SFR2*.
Key Highlights
- Six apartments, each with two bedrooms and one bathroom
- 4,296‑square‑foot building on a 0.1724‑acre parcel
- Built in 1997; zoned SFR2*
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
$69,126
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
3.95%
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%
$1,382,520
$1.4M
Cap Rate 7%
$987,514
$987.5K
Cap Rate 9%
$768,067
$768.1K
Market Conditions
NOI Build-Up for 4,296 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
$136.6K $31.80/SF
− Vacancy
−$10.9K −$2.54/SF
EGI
$125.7K $29.26/SF
− OpEx
−$56.6K −$13.17/SF
NOI
$69.1K $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%
$1,382,520
Cap Rate 7%
$987,514
Cap Rate 9%
$768,067
Alternative Uses
Best Use
Apartment 5plus
$987.5K
$864.1K – $1.15M
NOI $69,126 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $161,004 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,189
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - All residences include central air conditioning and an assigned parking space.
Where is this apartment building located?
The property is located at 1229 Hollister St San Fernando, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Six apartments, each with two bedrooms and one bathroom; 4,296‑square‑foot building on a 0.1724‑acre parcel; Built in 1997; zoned SFR2*
