11107 Herrick Avenue
Pacoima, CA, 91331
$2,550,000
Beds
0 Baths
SqFt
0.36 Acres
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Welcome to 11107 Herrick Ave, an extraordinary investment opportunity boasting five newly constructed beautiful, detached, turn-key units consisting of two 4 bed / 3 bath and three 3 bed / 3 bath 1200 SQFT structures. Each modern all electric separate addressed unit has its own power meter and water sub-meter. Tenants 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. All units are 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.

Property Details

Price:
$2,550,000
MLS #:
SR25022556
Status:
Active
Baths:
0
Address:
11107 Herrick Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
pacpacoima
City:
Pacoima
Listed Date:
Jan 30, 2025
State:
CA
ZIP:
91331
Lot Size:
15,703 sqft / 0.36 acres (approx)
Year Built:
2024
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Schools

Interior

Appliances
Electric Oven, Electric Range
Cooling
Ductless
Fireplace Features
None
Heating
Ductless

Exterior

Community Features
Curbs, Sidewalks, Street Lights, Suburban
Electric
Photovoltaics on Grid, Photovoltaics Seller Owned
Garage Spaces
0.00
Green Energy Generation
Solar
Lot Features
0-1 Unit/ Acre
Parking Spots
0.00
Pool Features
None
Roof
Composition
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Electricity, Trash Collection, Water
Utilities
Electricity Connected, Sewer Connected, Water Connected

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Community

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11107 Herrick Avenue
Pacoima, CA