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!
Property Details
Price:
$2,550,000
MLS #:
SR24216677
Status:
Active Under Contract
Baths:
0
Address:
11107 Herrick Ave
Type:
Residential Income
Subtype:
Single Family Residence
Neighborhood:
pacpacoima
City:
Pacoima
Listed Date:
Oct 19, 2024
State:
CA
ZIP:
91331
Lot Size:
15,703 sqft / 0.36 acres (approx)
Year Built:
2024
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Schools
Interior
Appliances
None
Cooling
Central Air
Heating
Solar
Exterior
Community Features
Sidewalks, Street Lights
Exterior Features
Lighting
Garage Spaces
0.00
Lot Features
No Landscaping
Parking Spots
0.00
Pool Features
None
Security Features
Gated Community
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address11107 Herrick Ave Pacoima CA
- AreaPAC – Pacoima
- CityPacoima
- CountyLos Angeles
- Zip Code91331
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Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
11107 Herrick Ave
Pacoima, CA
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