11107 Herrick Avenue , Pacoima, CA 91331
Pacoima, CA 91331
Description
*PRICE REDUCED*Welcome to 11107 Herrick an extraordinary investment opportunity offering FIVE new construction, beautifully appointed, detached, turn-key 1200 SQFT units consisting of two 4 bed / 3 bath and three 3 bed / 3 bath. Projected to produce $16,600 per month total rent. Each modern, all electric, separate addressed unit has its own power & water meterstenants pay ALL their own utilities including trash! Four units equipped with cost efficient paid-off solar panels significantly reducing utility costs. Located walking distance to TWO charter schools and only 5-10 mins from major shopping.COSTCO etc. Up to eight secure off street parking spaces available on the side of the 20 X 220 foot deep gated driveway. With an impressive approx. 7% cap rate, this property is a prime opportunity for discerning investors. All units feature contemporary design and abundant natural light to enhancing their appeal and ensuring effortless rentals. Designed with privacy in mind, the individual outdoor areas balance seclusion with a generous 15,703 square foot lot. Nestled off Van Nuys Blvd, this prime location offers a variety of dining options and convenient freeway access. Seize this opportunity to enhance your real estate portfolio.
Details
| MLS# | SR25028436 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2024 |
| Days On Site | 59 |
| Listing Provided By | Coldwell Banker Realty 818-995-2424 | Aaron Samson |
Features
| SQ Feet | 6,000 |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 5 |
| Acreage | 0.36 |
Market Activity 91331
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pacoima |
| Zip Code | 91331 |
| Area | PAC Pacoima |
| Listing VS Median (In 91331) | |
Price: $2,399,000 low | high Med: $749,000 SqFt: 6,000 low | high Med: 1,674 $ / SqFt: $400 low | high Med: $447 On site: 59 low | high Med: 995.000000 | |