129 N Hagar Street, San Fernando, California 91340, San Fernando, 91340 - bed, bath

129 N Hagar Street
San Fernando, California 91340
Property Price
SUMMARY
Analysis of 129 N Hagar Street, San Fernando, California 91340 is currently available with a list price of $990,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the San Fernando Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1935 and explicitly described as being in 'original condition,' this property requires substantial repairs and rehabilitation. The exterior images show significant age and wear, consistent with a property that has not undergone major renovations in decades. While the listing highlights its 'value-add' potential through renovation, this indicates that kitchens, bathrooms, and all major systems (electrical, plumbing, HVAC) are likely outdated, inefficient, and at the end of their lifespan, necessitating a comprehensive overhaul to meet modern standards. This aligns with the 'poor' condition criteria, requiring significant investment beyond minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- No Rent Control
The property is explicitly stated to have NO rent control, offering investors full flexibility to raise rents and maximize income without restrictions, a significant advantage in today’s market.
- Significant Value-Add Potential
Offered in original condition, this triplex is a true value-add asset, allowing a future owner to renovate and reposition units to market standards for substantial rent increases.
- Prime Location & Appreciation
Located in a rapidly appreciating pocket of the San Fernando Valley, steps from the revitalized Maclay Corridor, which boasts visible gentrification and commands premium rental demand.
CONSRISKS & DEFICIENCIES
- Original Condition
The property is offered in original condition, indicating a need for significant renovation and modernization to achieve market-level rents and attract quality tenants.
- Age of Property
Built in 1935, the property's age suggests potential for outdated infrastructure, systems, and deferred maintenance, which could lead to higher renovation costs.
- Required Capital Expenditure
Given its 'value-add' nature and original condition, a substantial capital investment beyond the purchase price will be necessary for renovations and upgrades to maximize its income potential.
About 129 N Hagar Street
This exceptional triplex offers a rare opportunity to secure both immediate income and substantial long-term upside in a rapidly appreciating pocket of the San Fernando Valley. Located just steps from the highly desirable and revitalized Maclay Corridor, the property consists of two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, totaling approximately 1,743 sq ft of living space on a 7,104 sq ft lot with ample on-site parking. Offered in original condition, this is a true value-add asset. A future owner can renovate and reposition the units to market standards, unlocking significant rent increases per unit. With NO rent control, investors have full flexibility to raise rents and maximize income without restrictions—an increasingly rare advantage in today’s market. The location alone commands premium rental demand. The walkable Maclay Corridor has undergone visible gentrification and now features fine dining, breweries, cafés, a public library, retail boutiques, clothing and shoe stores, dance studios, auto services, medical offices, and more—all within minutes of the property. This lifestyle-driven location consistently attracts quality tenants and supports higher-than-average rent levels with low vacancy. Adding to the upside, the property includes a detached 2-car garage and a lot size that offers strong ADU or additional unit potential (buyer to verify)—creating a powerful opportunity to add another income stream and significantly increase overall property value. Whether you’re a cash-flow-focused investor, pursuing a 1031 exchange, or a developer seeking your next value-add or expansion project, this triplex checks every box. This is not just a purchase—it’s a strategic income and growth play in one of the Valley’s most active rental corridors.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1935
- Lot Size
- 7,106 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.0 | 25% |
| Baths | - | 2.0 | 25% |
| Square foot | 1,743 | 1,590 | 75% |
| Lot Size | 7,106 | 6,349.5 | 75% |
| Price | $990.0K | $776.0K | 75% |
| Price per sq ft | $568 | $539 | 50% |
| Built year | 1935 | 1931 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 178 | 196 | 50% |
Pricing History
Listed for Sale
Sep 9, 2025
$990,000
Initial Listing




