11107 Herrick AVE new Save Request In-Person Tour Request Virtual Tour
Pacoima,CA 91331
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 Description
Welcome to 11107 Herrick Ave, an extraordinary investment opportunity boasting five newly constructed beautiful, detached, turn-key units consisting of two 4 bed / 3 bath and three 3 bed / 3 bath 1200 SQFT structures. Each modern all electric separate addressed unit has its own power meter and water sub-meter. Tenants 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