$2,550,000
 $13,689 est/mo Sourced by Back At You

11107 Herrick Ave , Pacoima, CA 91331

Pacoima, CA 91331

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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. Don’t miss your chance to add this lucrative property to your real estate portfolioschedule a viewing today!

Details

MLS#SR24216677
Listing TypeFor Sale
StyleHouse
Sub-TypeNew Construction
StatusActive
Year2024
Days On Site15
Listing Provided ByCompass 310-230-5478 | James Webster

Features

SQ Feet6,000
Story(s)2
Units5
Building(s)5
Acreage0.36
Property ViewYes
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 2 minutes ago
StateCA
CountyLos Angeles
CityPacoima
Zip Code91331
AreaPAC Pacoima
Listing VS Median (in 91331)
Price:
$2,550,000
low | high
Med:
$1,175,000
100% of Average
SqFt:
6,000
low | high
Med:
3,095
98.416666666667% of Average
$ / SqFt:
$425
low | high
Med:
$380
60.671861636415% of Average
On Site:
15
low | high
Med:
73.000000
20.547945205479% of Average
Sourced by Back At You
Listing Updated: November 3, 2024 at 1:09:12 AM PST
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