$2,550,000
11107 Herrick Ave Pacoima (los Angeles), CA 91331
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Listed by James Webster • Compass
$2,550,000
Est. payment /mo
6,000 SqFt
UPDATED:
11/13/2024 05:56 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $425
MLS Listing ID CRSR24216677
HOA Y/N No
Originating Board Datashare California Regional
Year Built 2024
Lot Size 0.360 Acres
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 bedroom�??ideal 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 d
Location
State CA
County Los Angeles
Interior
Heating Solar
Cooling Central Air
Fireplace No
Laundry No Hookups
Exterior
View Other
Building
Lot Description Other
Water Public
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