19
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$2,399,000
Est. payment /mo
0.36 Acres Lot
Price Dropped by $100K
11107 Herrick AVE Pacoima, CA 91331
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25028436
HOA Y/N No
Year Built 2024
Lot Size 0.360 Acres
Property Sub-Type Multi Family
Property 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 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.
Location
State CA
County Los Angeles
Area Pac - Pacoima
Interior
Heating Ductless
Cooling Ductless
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup, Inside
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Composition
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 2534026014
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Aaron Samson • Coldwell Banker Realty • 818-970-7012