Mixed-Use Property With Alley
New
For Sale
$1,050,000
513 N Maclay, San Fernando, CA 91340
The building combines residential, office, market, and restaurant components within a compact commercial setting.
Property Size2,934 SF
Lot Size0.16 Acres
Price / SF$357.87
Days on Market3
Property Features for 513 N Maclay
General Information
Standard status
Active
Size
2,934 SF
Lot size
0.16 Acres
Property subtype
Investment
Additional Details
Public Transit
Yes
Building Details
Building Size
2,934 SF
Year Built
1939
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
(818) 361-2400
Listed By:
Jorge Moran
(818) 361-2400
Source:
Elliman
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 10:52AM
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 Jorge Moran
Investment Insights
Based on property information with market context.
Located at 513 N Maclay in San Fernando, this mixed-use property contains approximately 2,934 square feet of building area on a 6,859-square-foot lot. The existing configuration includes a residential unit, an insurance office, a neighborhood market, and a small restaurant, creating a varied mix of on-site uses.
Alley access supports servicing and circulation for the property. Constructed in 1939, the building is positioned in a setting with a Walk Score of 44, a Bike Score of 47, and a Transit Score of 48. The combination of established improvements and multiple existing components provides a clear snapshot of the asset’s current physical and operational arrangement.
Alley access supports servicing and circulation for the property. Constructed in 1939, the building is positioned in a setting with a Walk Score of 44, a Bike Score of 47, and a Transit Score of 48. The combination of established improvements and multiple existing components provides a clear snapshot of the asset’s current physical and operational arrangement.
Key Highlights
- Approximately 2,934 sq ft of building space on a 6,859 sq ft lot
- Existing residential unit, insurance office, neighborhood market, and small restaurant
- Convenient alley access
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
$69,550
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
6.62%
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%
$1,391,000
$1.4M
Cap Rate 7%
$993,571
$993.6K
Cap Rate 9%
$772,778
$772.8K
Market Conditions
NOI Build-Up for 2,934 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
$99.3K $33.84/SF
− Vacancy
−$6.6K −$2.23/SF
EGI
$92.7K $31.61/SF
− OpEx
−$23.2K −$7.90/SF
NOI
$69.6K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
25.00%
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%
$1,391,000
Cap Rate 7%
$993,571
Cap Rate 9%
$772,778
Alternative Uses
Best Use
Specialty Retail
$993.6K
$869.4K – $1.16M
NOI $69,550 @ 7.0% cap · market cap 6.62%
Second Best
Retail
$927.3K
$811.4K – $1.08M
NOI $64,914 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,960 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines residential, office, market, and restaurant components within a compact commercial setting.
Where is this mixed-use property located?
The property is located at 513 N Maclay San Fernando, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Approximately 2,934 sq ft of building space on a 6,859 sq ft lot; Existing residential unit, insurance office, neighborhood market, and small restaurant; Convenient alley access
