San Fernando Triplex Value-Add
For Sale
$965,000
129 N Hagar, San Fernando, CA 91340
San Fernando triplex with rental upside and value-add potential.
Property Size1,713 SF
Days on Market118
Property Features for 129 N Hagar
General Information
Standard status
Active
Size
1,713 SF
Property subtype
Triplex
Building Details
Building Size
1,713 SF
Year Built
1935
Listing Agency:
Sync Brokerage, Inc.
(818) 422-3831
Listed By:
David Prieto · License #01881417
Source:
Truthrealty
Added: May 2
Changed: Aug 23
Last Checked: Aug 26 at 1:02PM
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 Sync Brokerage, Inc.
Investment Insights
Based on property information with market context.
The property at 129 N Hagar St in San Fernando is a triplex presenting a value-add opportunity for investors and owner-users. The property is currently fully occupied and generating $4,680 per month, with rental upside to approximately $6,350 per month based on market estimates, representing an increase of about $1,670 monthly. The property is not subject to rent control, providing flexibility for rental adjustments and long-term income growth. The property offers a desirable unit mix with immediate income and the ability to improve cash flow through strategic rent increases and property improvements. The seller is open to negotiating Cash for Keys, creating an opportunity for an end-user buyer to potentially occupy one unit while renting the others, or for an investor to reposition the asset more efficiently. There may be potential to further enhance returns through ADU development, subject to buyer verification. Located in a high-demand rental area near schools, shopping, and major transit corridors, the property benefits from strong tenant demand and continued growth in the San Fernando market, making it an opportunity for both income and long-term appreciation. The property is intended for use as a residential income property.
Key Highlights
- Significant rental upside potential of approximately $1,670 per month, increasing current income from $4,680 to $6,350.
- Property is not subject to rent control, allowing for flexible rental adjustments and income growth.
- Opportunity to negotiate Cash for Keys, potentially allowing owner‑occupancy or efficient asset repositioning.
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
$29,915
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
3.10%
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%
$598,300
$598.3K
Cap Rate 7%
$427,357
$427.4K
Cap Rate 9%
$332,389
$332.4K
Market Conditions
NOI Build-Up for 1,713 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
$46.3K $27.00/SF
− Vacancy
−$3.5K −$2.05/SF
EGI
$42.7K $24.95/SF
− OpEx
−$12.8K −$7.48/SF
NOI
$29.9K $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%
$598,300
Cap Rate 7%
$427,357
Cap Rate 9%
$332,389
Alternative Uses
Best Use
Multifamily LT 5
$427.4K
$373.9K – $498.6K
NOI $29,915 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$393.8K
$344.6K – $459.4K
NOI $27,564 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$917.1K
$802.5K – $1.07M
NOI $64,199 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,258
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - San Fernando triplex with rental upside and value-add potential.
Where is this triplex located?
The property is located at 129 N Hagar San Fernando, CA.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Significant rental upside potential of approximately $1,670 per month, increasing current income from $4,680 to $6,350.; Property is not subject to rent control, allowing for flexible rental adjustments and income growth.; Opportunity to negotiate Cash for Keys, potentially allowing owner‑occupancy or efficient asset repositioning.
