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!
This unique Duplex with a newly added ADU (Total 3 Units) is located between Paxton and Van Nuys Blvd. This property offers a prime investment opportunity with tremendous income potential or enjoy it as owner-users while benefiting from the brand-new ADU and room for added value. Zoned LAR2 (Tier 3 TOC) on an 8,108 sq. ft. lot, it provides numerous development possibilities, including increased residential density in an affordable housing incentive area. This property offers a newly added 2-bed, 2-bath unit (10556 Laurel Cyn), making it a great opportunity for living in one unit while renting out the others, as this unit will be delivered vacant. Units 10558 Laurel Cyn a 1-bed and 1-bath and 10558 1/2 Laurel Cyn 2-bed and 2-bath will be delivered with tenants. Two out of the three units have recently undergone complete updates, including laminate flooring, recessed lighting, new doors, tankless water heaters, new HVAC system and newly cemented lot. Its flexible configuration, zoning advantages, and prime location near major freeways such as the 5, 118, 170, 405 and 118 freeways, make it ideal for investors and owner user alike!
MOTIVATED SELLER * SELLER FINANCING AVAILABLE * Copper Piping Throughout * Sewer only 3 years old. INVESTMENT OPPORTUNITY. This 10-unit apartment building located at 13226 Paxton Street in Pacoima presents a compelling investment opportunity. Boasting a monthly rental income of $15,157.05, with each unit individually metered for gas and electric, this property promises stable returns for savvy investors. With a 100% occupancy rate, this building offers immediate cash flow and a solid foundation for long-term growth. The steady rental income provides a reliable source of passive income, making it an attractive option for investors seeking to diversify their portfolio or expand their real estate holdings. Additionally, the separately metered utilities offer potential for cost savings and increased profitability, as tenants are responsible for their own gas and electric bills. All information to be verified by buyer and buyer's broker. Seller and Seller's Broker do not guarantee any information regarding property, square footage, use, zoning, or any other factor of the property. Buyer and buyer's broker to do their own due diligence and satisfy themselves.
Beautiful multi-family property located in a highly desirable area of Pacoima. Live in one rent the other!!! Front home was completely remodeled last and year adding an additional bathroom and bedroom. Main home features 3-bedroom, 2-bathrooms, fireplace in living room with newer roof with approx. 1,449 sq ft. newer Kitchen with open floor concept very modern and spacious. Tile flooring throughout. In addition, has a recently built a second unit that is approx. 724 sq ft with permits. Consist of 1 bedroom, 1 bath, kitchen, bathroom and flooring. Each unit with different address 10358-10356. Main House comes with central A/C and heating. Also, property has an additional unit with 1bed 1 bath for more income. The laundry area is located on the exterior of the home. Parking no issue as it has a long driveway for plenty of parking and fully gated. Ready to move in! Conveniently located near freeways, shopping centers, parks and museums. Don't let this investment pass you by!!!!
Welcome to this fabulous triplex in Pacoima! This is the perfect opportunity for an investor looking for passive income. All 3 units are tenant occupied and willing to stay. Zoned Industrial and Residential. Property is sold as is, subject to interior inspection.
The median home value in Pacoima, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Pacoima, CA is $912,500. Approximately 33.96% of Pacoima homes are owned, compared to 58.13% rented, while 7.92% are vacant. Pacoima real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Pacoima real estate agent to arrange a tour today!
Pacoima 91331 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.