$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 #SR24212731
Listed
$2,550,000
Schools & Community
Neighborhood:
Pacoima
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Gated, Street Lights, Sidewalks
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
Recently listed in Pacoima
$649,000|3 bd|1.0 ba|House
$2,550,000|17 bd|15.0 ba|House
$1,099,000|5 bd|3.0 ba|House
$849,800|4 bd|2.0 ba|House
$444,995|2 bd|2.0 ba|Condo
$798,800|5 bd|3.0 ba|House
$375,000|1 bd|1.0 ba|Condo
$819,999|5 bd|3.0 ba|House
$349,000|1 bd|1.0 ba|Condo
$389,000|2 bd|1.0 ba|Condo
Explore top cities in California