Under contract

Active Under Contract

11107 Herrick Ave

Pacoima CA, 91331

$2,550,000


$425.00 per sqft

Under contract

Active Under Contract

6,000 sqft

Residential

Built in 2024

Listed by James Webster with Compass 661-803-2621

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!

SR24216677

MLS ID

October 19, 2024

Listed

December 5, 2024

Updated

Map

11107 Herrick Ave
Pacoima CA, 91331

Interior Features

Total Stories

2


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Solar

Exterior/Building Features

Lot Size

0.36 Acres


Exterior Features

Lighting


Lot Features

No Landscaping


Sewer

Public Sewer

Other Property Details

Area Name

PAC - Pacoima


Days on Market

46


Garage

No


Parking Total

0


View

Yes


View Description

Neighborhood


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None

Listing History

Date

Event

Price

11/22/2024

Under contract

Listing Contact: 310-230-5478 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/5/2024 at 12:16 PM UTC

 

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