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Pamela Ratcliffe

pam@teamratcliffe.com +1(619) 981-5606

$ 2,550,000

Est. payment -/mo

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Open Sat 12PM-4PM

11107 Herrick Ave Pacoima, CA 91331

17 Beds

15 Baths

6,000 SqFt

OPEN HOUSE

Sat Oct 19, 12:00pm - 4:00pm

Sun Oct 20, 12:00pm - 4:00pm

UPDATED:

10/17/2024 01:08 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $425

MLS Listing ID SR24212731

Bedrooms 17

Full Baths 15

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Lot Size 0.360 Acres

Acres 0.3605

Property Description

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!

Location

State CA

County Los Angeles

Area Pac - Pacoima

Rooms

Main Level Bedrooms 1

Ensuite Laundry None

Interior

Interior Features All Bedrooms Up

Laundry Location None

Heating Solar

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Exterior Feature Lighting

Garage Assigned

Pool None

Community Features Street Lights, Sidewalks, Gated

View Y/N Yes

View Neighborhood

Parking Type Assigned

Private Pool No

Building

Lot Description Landscaped

Dwelling Type House

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction Yes

Construction Status Turnkey

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 2534026014

Security Features Security Gate,Gated Community

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by James Webster • Compass • 661-803-2621

Pamela Ratcliffe

Agent | License ID: 01152227

+1(619) 981-5606

Pamela Ratcliffe

11107 Herrick Ave Pacoima, CA 91331

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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11107 Herrick Ave