9929 Sepulveda BLD, CA 91345

$4,730,000

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Listed by Matthew Sillaman, from West Shores Realty, Inc.
(If provided) CoList: from

Sold listing courtesy of Matthew Sillaman from

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Sold Price: $4,730,000
List Price: $5,100,000
Closing Date: Dec 08, 2025
MLS#: CRSB25197131
Status: SOLD
Lot Size: 18,805
Listing Area: Mhl - Mission Hills
Year Built: 1979

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Property Description

Motivated market Seller! Bring all offers. Mission Hills (SVF) multifamily opportunity built in 1979, not subject to LA City Rent Control (AB 1482 cap currently 8%). The property offers a desirable unit mix of 8 singles, 7 one-bed/one-baths, 5 two-bed/two-baths, and 3 unique two-story townhome-style units, supported by 41 parking spaces, completed soft-story retrofit, and separate utility meters. Strong financial performance with a proven track record of rent growth, tenant retention, and consistently high occupancy. Offered at a true 5.73% cap rate, the property delivers stable in-place income, low turnover, and additional upside through continued rent growth and potential ADU development. With no units significantly below market and conservative yet realistic pro forma assumptions, investors gain both immediate income security and clear long-term growth potential. The property's Mission Hills location benefits from limited multifamily inventory (as opposed to Van Nuys or NoHo), resulting in less direct rental competition within the immediate area. Located on Sepulveda Boulevard-one of the Valley's premier rental corridors, the property offers excellent connectivity to the 405, 118, and 5 Freeways, with proximity to Providence Holy Cross Medical Center, CSUN, and major ret

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Additional Information

Age: 46
Cooling System: Central AC
Garage Parking: Assigned Spaces
Heating System: Central Forced Air
Laundry Facilities: Laundry Area, Washer/Dryer - Leased
Lot Description: Grade - Level
Lot Size: 18,805
Neighborhood: Mhl - Mission Hills
Pool Description: None
Unincorporated Yn: Yes

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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Bailey Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.