129 N Hagar, San Fernando, California 91340, San Fernando, 91340 - 0 bed, 0 bath
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San Fernando, California 91340
This Value-Add Triplex presents a strategic acquisition opportunity in San Fernando, listed at $965,000. This price aligns with the $943,124 Fair Market Value, reflecting the asset's price stability. Featuring a Condition Rating of 4 and a private patio, the property offers Significant Rental Upside of approximately $1,670 per month due to the absence of rent control. With a 7,106 sqft lot and ADU Development Potential in the Los Angeles Unified district, the site is primed for forced appreciation. It is a perfect match for Buy-and-Hold Investors or Owner-Occupants seeking long-term wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 129 N Hagar Subject | $965,000* List Price | 0 | 0 | 1,713 | $551 | - |
A 1038 Hollister St Pending | $789,000 List Price | 0 | 0 | 1,334 | $591 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1935 and described as a 'value-add' opportunity, this property is functional and occupied but significantly dated. The listing's emphasis on 'repositioning' and 'property improvements' to achieve market rents, combined with the lack of interior photos, indicates that kitchens, bathrooms, and systems likely require modernization and minor repairs.
The property is not subject to rent control, offering a clear path to increase monthly income by approximately $1,670 to reach market rates.
The 7,106 sqft lot provides a viable opportunity for ADU development, allowing investors to further increase density and total yield.
The seller's openness to 'Cash for Keys' negotiations facilitates immediate repositioning for investors or the ability for an owner-user to occupy a unit.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1713, other record living area = 1282.
Built in 1935, the property likely requires significant capital expenditure for maintenance and modernization of aging systems and infrastructure.
At a list price of $965,000 for 1,713 square feet, the price per foot is high, requiring the realization of maximum market rents to justify the initial investment.
129 N Hagar St in San Fernando presents a compelling value-add opportunity for both investors and owner-users seeking strong upside potential. This triplex is currently fully occupied and generating $4,680 per month, with clear rental upside to approximately $6,350 per month based on market estimates—an increase of about $1,670 monthly. Notably, the property is not subject to rent control, providing greater 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 a unique 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. Additionally, there may be potential to further enhance returns through ADU development (buyer to verify), which could significantly increase overall income. 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 excellent opportunity for both income and long-term appreciation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 50% |
| Baths | 0.0 | 1.5 | 50% |
| Square foot | 1,713 | 1,603.5 | 50% |
| Lot Size | 7,106 | 6,840 | 50% |
| Price | $965.0K | $925.0K | 50% |
| Price per sq ft | $563 | $578 | 50% |
| Built year | 1935 | 1942 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 106 | 50% |
May 2, 2026
$965,000
Initial Listing
Oct 14, 2016
$395,000
Public Record