Mixed-Use Property with Alley
For Sale
$1,050,000
513 N Maclay Ave, San Fernando, CA 91340
Multi-component property includes a residence, office, market, and small restaurant.
Property Size2,934 SF
Lot Size0.16 Acres
Price / SF$357.87
Days on Market20
Property Features for 513 N Maclay Ave
General Information
Standard status
Active
Size
2,934 SF
Lot size
0.16 Acres
Property subtype
Residential Income
Additional Details
Road Access
Yes
Building Details
Buildings
1
Building Size
2,934 SF
Tenancy
Multi
Listing Agency:
Park Avenue Realty
(818) 361-2400
Listed By:
Jorge Moran · License #01391422
(818) 361-2400
Source:
Exprealty
Added: Aug 11
Changed: Aug 30
Last Checked: Aug 30 at 2:52AM
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 Park Avenue Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines approximately 2,934 square feet of building area with a 6,859-square-foot lot. The existing configuration includes a resident unit, an insurance office, a neighborhood market, and a small restaurant, creating a varied commercial and residential layout within one property.
The property is located at 513 N Maclay Ave in San Fernando, California, and provides alley access. Its combination of residential space, office use, neighborhood retail, and restaurant space supports multiple established functions on the site.
The property is located at 513 N Maclay Ave in San Fernando, California, and provides alley access. Its combination of residential space, office use, neighborhood retail, and restaurant space supports multiple established functions on the site.
Key Highlights
- Approximately 2,934 square feet of building space
- 6,859‑square‑foot lot
- Existing resident unit, insurance office, neighborhood market, and small restaurant
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,245
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 - Multi-component property includes a residence, office, market, and small restaurant.
Where is this mixed-use property located?
The property is located at 513 N Maclay Ave 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 square feet of building space; 6,859‑square‑foot lot; Existing resident unit, insurance office, neighborhood market, and small restaurant
