11107 Herrick Ave, Pacoima, CA 91331
-
Listed Price :
$2,550,000
-
Beds :
17
-
Baths :
15
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Property Size :
6,000 sqft
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Year Built :
2024
Property Description
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!
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Features |
All Bedrooms Up |
| Bedrooms |
17 |
| Bathroom Information |
| Bathrooms |
15 |
| Interior Information |
| Features |
All Bedrooms Up |
| Cooling Type |
Central Air |
Listing Information
| Address |
11107 Herrick Ave |
| City |
Pacoima |
| State |
CA |
| Zip |
91331 |
| County |
Los Angeles |
| Listing Agent |
James Webster DRE #02138054 |
| Co-Listing Agent |
Bruce Barz DRE #02135769 |
| Courtesy Of |
Compass |
| List Price |
$2,550,000 |
| Status |
Active |
| Type |
Residential |
| Subtype |
Single Family Residence |
| Structure Size |
6,000 |
| Lot Size |
15,703 |
| Year Built |
2024 |
Listing information courtesy of: James Webster, Bruce Barz, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 15th, 2024 at 2:06 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
