11107 Herrick AVE Active Save Request In-Person Tour Request Virtual Tour
Pacoima,CA 91331
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $425
MLS Listing ID SR25033188
Bedrooms 17
Full Baths 5
Half Baths 5
Three Quarter Bath 5
Year Built 2024
Lot Size 0.360 Acres
Property Sub-Type Quadruplex
Property Description
Welcome to 11107 Herrick Ave, an extraordinary investment opportunity boasting five new construction, beautifully appointed, detached, turn-key 1200 SQFT units consisting of two 4 bed / 3 bath and three 3 bed / 3 bath. $19,000 per month total projected rent with up to eight secure off street parking spaces available on the side of the 20 X 220 foot deep gated driveway. Each modern all electric separate addressed unit has its own power meter and water sub-meter. Tenants will pay for all their own utilities including trash! With an impressive approx. 7% cap rate, this property is a prime opportunity for discerning investors. All units feature contemporary design and abundant natural light to enhancing their appeal and ensuring effortless rentals. Designed with privacy in mind, the outdoor areas balance seclusion and openness, ideal for relaxation or entertainment. Four units equipped with cost efficient paid-off solar panels, significantly reducing utility costs. The property sits on a generous 15,703 square foot lot, with 200 feet of dedicated parking space. Nestled off Van Nuys Blvd, this prime location offers a variety of dining options and convenient freeway access. Seize this opportunity to enhance your real estate portfolio.
Location
State CA
County Los Angeles
Area Pac - Pacoima
Interior
Heating Central,Ductless,Electric
Cooling Central Air,Ductless,Electric
Fireplaces Type None
Laundry Washer Hookup,Electric Dryer Hookup
Exterior
Pool None
Community Features Curbs,Street Lights,Suburban,Sidewalks
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Dwelling Type Quadruplex
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Los Angeles Unified
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard