11107 Herrick Avenue
Pacoima, CA 91331
0.36 acres | #SR25028436
Description
*PRICE REDUCED*Welcome to 11107 Herrick an extraordinary investment opportunity offering FIVE new construction, beautifully appointed, detached, turn-key 1200 SQFT vacant units consisting of two 4 bed / 3 bath and three 3 bed / 3 bath. Projected to produce $19,000 per month total rent. Each modern, all electric, separate addressed unit has its own power & water meters…tenants 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.
Property Details
- Utility FeaturesElectricityConnected, SewerConnected, WaterConnected
- Lot DescriptionZeroToOneUnitAcre
- Property TypeMulti-Family
- CountyLos Angeles
- Property SubtypeMultiFamily
- Original List Price$2,550,000
- MLS #SR25028436
- MLS #SR25028436
- Cost2399000
- Acres0.3605
- Utility SourcePublic
- Year Built2024
- Stories2
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Aaron Samson (#F207018830)
Listing Office: Coldwell Banker Realty (#F0117005)
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