Gated Duplex Estate with Two
For Sale
Contact for pricing
Pending
623 Woodworth, San Fernando, CA 91340
Two permitted 2-bedroom homes on one gated estate, each with in-unit laundry and separate utilities for flexible tenancy.
Property Size1,289 SF
Lot Size0.12 Acres
Days on Market56
Property Features for 623 Woodworth
General Information
Standard status
Pending
Size
1,289 SF
Lot size
0.12 Acres
Property subtype
Multifamily
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Tenancy
Multi
Listing Agency:
Bogun Realty and Luxury Homes
Listed By:
Bandele Oguntomilade · License #01479541
Source:
Crexi
Added: Jun 13
Changed: Jul 10
Last Checked: Jul 24 at 10:08AM
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 Bogun Realty and Luxury Homes
Investment Insights
Based on property information with market context.
This offering features two permitted residential units within one gated estate, each designed as a 2-bedroom, 1-bath home. The properties have separate laundry areas, separate addresses, and separate electric and gas meters. The tenant-occupied homes are on month-to-month tenancy. Recent upgrades include a newer roof, newer sewer line, newer plumbing, newer electrical, and new side-yard fencing. A long driveway provides off-street parking for multiple vehicles. The property is being sold in as-is condition, and buyers are advised to independently verify all details.
Located in the historic City of San Fernando, the estate is described as conveniently positioned near entertainment, shopping, restaurants, schools, transportation, and freeway access. The seller’s timeline indicates an offer deadline of Tuesday 6-23-26 at 5:00pm.
For investors or owner-operators seeking an easy-to-manage setup, the separate addresses and utility meters can support straightforward billing and tenant separation. As of 8/1/26, the aggregate gross monthly rent is projected at $3,270, based on the terms stated. Prospective buyers should review the attached permit file and any agent remarks before submitting an offer. Prospective buyers are also asked not to disturb the occupants.
Located in the historic City of San Fernando, the estate is described as conveniently positioned near entertainment, shopping, restaurants, schools, transportation, and freeway access. The seller’s timeline indicates an offer deadline of Tuesday 6-23-26 at 5:00pm.
For investors or owner-operators seeking an easy-to-manage setup, the separate addresses and utility meters can support straightforward billing and tenant separation. As of 8/1/26, the aggregate gross monthly rent is projected at $3,270, based on the terms stated. Prospective buyers should review the attached permit file and any agent remarks before submitting an offer. Prospective buyers are also asked not to disturb the occupants.
Key Highlights
- Two permitted houses on one gated estate in the City of San Fernando
- Aggregate living space of 1,289 SF on a 5,021 SF lot; both homes are 2 bed / 1 bath
- Each house has separate laundry, separate addresses, and separate electric and gas meters
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
$22,511
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
3.54%
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%
$450,220
$450.2K
Cap Rate 7%
$321,586
$321.6K
Cap Rate 9%
$250,122
$250.1K
Market Conditions
NOI Build-Up for 1,289 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
$34.8K $27.00/SF
− Vacancy
−$2.6K −$2.05/SF
EGI
$32.2K $24.95/SF
− OpEx
−$9.6K −$7.48/SF
NOI
$22.5K $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%
$450,220
Cap Rate 7%
$321,586
Cap Rate 9%
$250,122
Alternative Uses
Best Use
Multifamily LT 5
$321.6K
$281.4K – $375.2K
NOI $22,511 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$296.3K
$259.3K – $345.7K
NOI $20,741 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$690.1K
$603.9K – $805.2K
NOI $48,309 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,816
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?
Duplex - Two permitted 2-bedroom homes on one gated estate, each with in-unit laundry and separate utilities for flexible tenancy.
Where is this duplex located?
The property is located at 623 Woodworth San Fernando, CA.
What is the asking price?
The asking price for this property is $636,000.
What are key features of this property?
This property features: Two permitted houses on one gated estate in the City of San Fernando; Aggregate living space of 1,289 SF on a 5,021 SF lot; both homes are 2 bed / 1 bath; Each house has separate laundry, separate addresses, and separate electric and gas meters
