50
See all 50 photos
$2,399,000
Est. payment /mo
Price Dropped by $100K
11107 Herrick AVE Pacoima, CA 91331
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $399
MLS Listing ID CRSR25033188
Bedrooms 17
Full Baths 10
Half Baths 5
Originating Board California Regional MLS
Year Built 2024
Lot Size 0.360 Acres
Property Sub-Type Fourplex
Property Description
*PRICE REDUCED*SELLER MOTIVATED* Welcome to 11107 Herrick an extraordinary investment opportunity offering FIVE new construction, beautifully appointed, detached, turn-key 1200 SQFT vacant units consisting of two 4 bed / 3 bath and three 3 bed / 3 bath. Located walking distance to TWO charter schools and only 5-10 mins from major shopping..COSTCO etc. projected to produce $19,000 per month total rent! 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 an
Location
State CA
County Los Angeles
Area Pac - Pacoima
Rooms
Kitchen Oven Range - Electric, Oven Range - Built-In
Interior
Heating Central Forced Air, Electric
Cooling Central AC, Central Forced Air - Electric
Fireplaces Type None
Laundry 30, 9
Exterior
Pool None
View None
Building
Water Hot Water, Heater - Electric, District - Public
Others
Tax ID 2534026014
Special Listing Condition Not Applicable
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Listed by Aaron Samson • Coldwell Banker Realty