11107 Herrick Ave, Pacoima, CA 91331

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Glen Henderson

[email protected] +1(619) 889-7646

$2,550,000

Est. payment - /mo

14 Beds

12 Baths

0.36 Acres Lot

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UPDATED:

11/06/2024 02:54 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24216677

Bedrooms 14

HOA Y/N No

Lot Size 0.360 Acres

Type of Financing Cash,Conventional,Exchange

Property Description

Welcome to 11107 Herrick Ave, a remarkable investment opportunity featuring five beautifully detached, newly constructed turn-key units. With a robust return on investment at a 7% cap rate, this property shines as an exceptionally attractive opportunity for savvy investors. Three units feature three bedrooms and three bathrooms, while two units enjoy four bedrooms and three bathrooms that offer a convenient downstairs bedroomideal for multi-generational living. Each unit offers 1,200 square feet of living space, providing ample room for comfort. They feature a modern design and are filled with an abundance of natural light, enhancing their rental appeal and ensuring an effortless rental process. The outdoor quarters are designed with an emphasis on privacy, allowing residents to enjoy both indoor and outdoor living. While each unit maintains its own personal space, the outdoor areas provide a perfect blend of privacy and openness, offering an ideal setting for relaxation or entertainment. Units are also equipped with paid-off solar panels that significantly reduce utility costs. The property boasts a spacious 15,703 square foot lot, with residents having access to 200 feet of dedicated parking space. Situated off Van Nuys Blvd, residents benefit from a variety of surrounding dining options and convenient freeway access. Dont miss your chance to add this lucrative property to your real estate portfolioschedule a viewing today!
Welcome to 11107 Herrick Ave, a remarkable investment opportunity featuring five beautifully detached, newly constructed turn-key units. With a robust return on investment at a 7% cap rate, this property shines as an exceptionally attractive opportunity for savvy investors. Three units feature three bedrooms and three bathrooms, while two units enjoy four bedrooms and three bathrooms that offer a convenient downstairs bedroomideal for multi-generational living. Each unit offers 1,200 square feet of living space, providing ample room for comfort. They feature a modern design and are filled with an abundance of natural light, enhancing their rental appeal and ensuring an effortless rental process. The outdoor quarters are designed with an emphasis on privacy, allowing residents to enjoy both indoor and outdoor living. While each unit maintains its own personal space, the outdoor areas provide a perfect blend of privacy and openness, offering an ideal setting for relaxation or entertainment. Units are also equipped with paid-off solar panels that significantly reduce utility costs. The property boasts a spacious 15,703 square foot lot, with residents having access to 200 feet of dedicated parking space. Situated off Van Nuys Blvd, residents benefit from a variety of surrounding dining options and convenient freeway access. Dont miss your chance to add this lucrative property to your real estate portfolioschedule a viewing today!

Location

State CA

County Los Angeles

Area Pacoima (91331)

Zoning Public Rec

Interior

Heating Solar

Cooling Central Forced Air

Appliance Passive Solar

Air Conditioning Central Forced Air

Building

Lot Description Sidewalks

Story 2

Level or Stories 2 Story

Others

Acceptable Financing Cash, Conventional, Exchange

Space Rent $238,800

Listing Terms Cash, Conventional, Exchange

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Listed by James Webster • Compass

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

11107 Herrick Ave Pacoima, CA 91331

Glen Henderson

Glen Henderson

Key Details

Location

Interior

Building

Others

Get More Information