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!
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
47379128
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Exterior Property Features : Lighting
Cooling Features
- Central Air
- Air Conditioning
Heating Source
- Solar
- Has Heating
-
Exterior Features
Building Information
- Year Built: 2024
- Building Area Total: 6,000
Exterior Features
- Lighting
Security Features
- Gated Community
Pool Features
- None
Laundry Features
- None
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.3605
- Lot Size Source: Assessor
- Lot Size Square Feet: 15703
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Listing Information
Listing Price Information
- Original List Price: 2,550,000
- Listing Contract Date: 2024-10-19
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 2534026014
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active Under Contract
- Source Neighborhood: PAC - Pacoima
- Directions: Take exit 45 off 118 freeway, turn right on Paxton St, turn left onto Herrick Ave.
- Source Property Type: Residential Income
- Area: PAC - Pacoima
- Property SubType: Single Family Residence
Building and Construction
- Property Age: 0
- Common Walls: No Common Walls
- Property Condition: Turnkey
- Structure Type: Single Family Residence
- Year Built Source: Public Records
- Entry Level: 1
- Entry Location: 1
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 12/03/2024 @ 14:08
- MLS: SR24216677
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is recently sold, it has 6,000 sqft, 15,703 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Pacoima , in zip code 91331, this Los Angeles County Home are nearby neighborhoods.