11107 Herrick Ave

Pacoima, CA 91331

$2,550,000

List Price

17

bed Beds

15

shower Baths

6,000 sqft

straighten / sqft

2024

calendar_month Built

Open Houses

Next available: Tuesday, October 15th, 2024 11:00 am - 2:00 pm

Save to Open House Schedule

calendar_month Saturday, October 19th, 2024

12:00 pm - 4:00 pm • Save to Open House Schedule

calendar_month Sunday, October 20th, 2024

12:00 pm - 4:00 pm • Save to Open House Schedule

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!

Listing Information

List Price $2,550,000
Status Active
MLS SR24212731
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 2024
Lot Size 15,703
Structure Size 6,000
Courtesy Of Compass
Listing Agent James Webster DRE#02138054
Co-Listing Agent Bruce Barz DRE#02135769

Interior Features

Laundry Information
Location(s) None
Bedroom Information
Features All Bedrooms Up
Total Bedroom
Bedrooms 17
Total Bathroom
Bathrooms 15
Fireplace Information
Features None
Additional Information
Additional Features All Bedrooms Up
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: James Webster, Bruce Barz, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 15th, 2024 at 2:06 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.