Fully rented being offered at approximately a 6% cap with value add opportunity. 7-unit multi-family property featuring a 6-unit apartment building alongside a detached house, all set on a spacious lot with significant vacant land at the rear ideal for future development. This property has been a reliable long-term investment, with a new roof installed in late 2024 and recent retrofitting of the carport to meet updated earthquake safety codes. Currently, rents are below market value, presenting multiple avenues for growth. Investors can capitalize on opportunities to increase rental income, add additional units including AB 1211 ADUs, or explore redevelopment options.
For sale
Listing Provided by:
Jeff Brandolino DRE #01259914 661-600-9410,
Brandolino Group
$1,499,000
14020 Foothill Blvd, Sylmar, CA 91342
13beds
7baths
5,364sqft
Est.:
Multi Family
Built in 1918
-- sqft lot
$-- Zestimate®
$279/sqft
$-- HOA
What's special
- 96 days |
- 263 |
- 17 |
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