Active
11107 Herrick Ave
PACOIMA CA, 91331
$2,550,000
$425.00 per sqft
Active
17 Beds
15 Baths
6,000 sqft
Residential
Built in 2024
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!
SR24216677MR
MLSⓇ ID
October 19, 2024
Listed
October 22, 2024
Updated
Map
11107 Herrick Ave
PACOIMA CA, 91331
Interior Features
Total Stories
2
Bedrooms
17
Total Bathrooms
15
Appliances
None
Laundry Description
None
Fireplace
No
Cooling
Yes
Cooling Description
Central
Heating
Yes
Heating Description
Solar
Exterior/Building Features
Lot Size
0.36 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Pacoima
Days on Market
2
Garage
No
Parking Total
0
View
Yes
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Open House Schedule
Sat, Oct 26th
12:00 PM - 4:00 PM PDT
Sun, Oct 27th
12:00 PM - 4:00 PM PDT
Listed by James Webster with Compass
Listing Contact: 661-803-2621
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Sheri Davis | CA DRE# 01016136 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/22/2024