11107 Herrick Ave, Pacoima, CA 91331 – SR24216677

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$2,550,000

Est. payment - /mo

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0.36 Acres Lot

Active Under Contract

11107 Herrick Ave Pacoima, CA 91331

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Michelle M Randazzo

michellesells@rpnevada.com +1(702) 412-1049

UPDATED:

12/10/2024 05:25 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SR24216677

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Lot Size 0.360 Acres

Property 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!

Location

State CA

County Los Angeles

Area Pac - Pacoima

Interior

Heating Solar

Cooling Central Air

Fireplace No

Laundry None

Exterior

Exterior Feature Lighting

Pool None

Community Features Street Lights, Sidewalks, Gated

View Y/N Yes

View Neighborhood

Private Pool No

Building

Lot Description No Landscaping

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

Security Features Gated Community

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by James Webster • Compass • 661-803-2621

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Michelle M Randazzo

REALTOR® | RE.0196837

+1(702) 412-1049

11107 Herrick Ave Pacoima, CA 91331

Michelle M Randazzo

Key Details

Location

Interior

Exterior

Building

Others

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11107 Herrick Ave