5 Beds
n/a Full bath
6,000 SqFt
Active
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 dining options and convenient freeway access. Don’t miss your chance to add this lucrative property to your real estate portfolio—schedule a viewing today!
Property Details | ||
---|---|---|
Price | $2,550,000 | |
Bedrooms | 5 | |
Lot Size Area | 15703 | |
Lot Size Area Units | Square Feet | |
Acres | 0.3605 | |
Property Type | MultiFamily | |
Sub type | SingleFamilyResidence | |
MLS Sub type | Single Family Residence | |
Stories | 2 | |
Exterior Features | Lighting | |
Year Built | 2024 | |
View | Neighborhood | |
Heating | Solar | |
Lot Description | No Landscaping | |
Laundry Features | None | |
Pool features | None | |
Parking Spaces | 0 | |
Garage spaces | 0 | |
Association Fee | 0 | |
Geographic Data | ||
Directions | Take exit 45 off 118 freeway, turn right on Paxton St, turn left onto Herrick Ave. | |
County | Los Angeles | |
Latitude | 34.271317 | |
Longitude | -118.415232 | |
Market Area | PAC - Pacoima | |
Address Information | ||
Address | 11107 Herrick Ave, Pacoima, CA 91331 | |
Postal Code | 91331 | |
City | Pacoima | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Compass | |
Listing Agent | James Webster | |
Listing Agent Phone | 661-803-2621 | |
Attribution Contact | 661-803-2621 | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
Ownership | None | |
MLS Information | ||
Days on market | 2 | |
MLS Status | Active | |
Listing Date | Oct 19, 2024 | |
Listing Last Modified | Oct 21, 2024 | |
Tax ID | 2534026014 | |
MLS Area | PAC - Pacoima | |
MLS # | SR24216677 |
This information is believed to be accurate, but without any warranty.