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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,550,000

Est. payment - /mo

0.36 Acres Lot

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OPEN HOUSE

Sun Feb 23, 1:00pm - 4:00pm

UPDATED:

02/22/2025 04:18 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25022556

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Lot Size 0.360 Acres

Property Sub-Type Mixed Use

Property Description

*OPEN HOUSE SUNDAY FEB 24TH 1:00-4:00* Welcome to 11107 Herrick Ave, an extraordinary investment opportunity boasting 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. $19,000 per month total projected rent with up to eight secure off street parking spaces available on the side of the 20 X 220 foot deep gated driveway. Each modern all electric separate addressed unit has its own power meter and water sub-meter. Tenants will pay for all their own utilities including trash! 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 outdoor areas balance seclusion and openness, ideal for relaxation or entertainment. Four units equipped with cost efficient paid-off solar panels, significantly reducing utility costs. The property sits on a generous 15,703 square foot lot, with 200 feet of dedicated parking space. 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.

Location

State CA

County Los Angeles

Area Pac - Pacoima

Interior

Heating Ductless

Cooling Ductless

Fireplaces Type None

Fireplace No

Appliance Electric Oven, Electric Range

Laundry Washer Hookup, Electric Dryer Hookup, Inside

Exterior

Pool None

Community Features Curbs, Street Lights, Suburban, Sidewalks

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction Yes

Construction Status Turnkey

Others

Senior Community No

Tax ID 2534026014

Acceptable Financing Cash, Cash to New Loan

Green/Energy Cert Solar

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Aaron Samson • Coldwell Banker Realty • 818-970-7012

If you are disappointed with the options available within your budget, let me know. 95% of the time, I can help "tweak" search criteria and find at least 10 properties that are tempting.

+1(714) 376-8652

diego@1visionproperties.com

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11107 Herrick AVE Pacoima, CA 91331