tomo logo

$2,550,000

Beds
17
Baths
15.0
sq ft
6,000

11107 Herrick Ave, Pacoima, CA 91331

11107 Herrick Ave

Pacoima, CA 91331

  • 7 days on market
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!

Details

Property type

Single Family Residence

Property condition

New Construction

Lot size

0.3605 acres

Price per sq ft

$425

Year built

2024

Price History

10/14/2024
CRMLS

CRMLS #SR24212731

Listed
$2,550,000

Schools & Community

Neighborhood: 

Pacoima

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Street Lights, Sidewalks

High school district: 

Los Angeles Unified

Status: Active

Tomo last checked: 10/21/2024 at 12:35 AM

Listing updated: 10/20/2024 at 11:14 PM

Listed by: James Webster, Compass Phone #: (310) 230-5478

MLS: CRMLS #SR24212731

CRMLS logo

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