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Listed by James Webster • Compass

$2,550,000

Est. payment - /mo

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17 BD

15 BA

6,000 SqFt

Open Sun 12PM-4PM

11107 Herrick Ave Pacoima (los Angeles), CA 91331

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In-PersonVirtual Tour

Daniel Ripper

[email protected] +1(415) 205-6312

OPEN HOUSE

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

UPDATED:

10/20/2024 07:49 AM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $425

MLS Listing ID CRSR24212731

Bedrooms 17

Full Baths 15

HOA Y/N No

Originating Board Datashare California Regional

Year Built 2024

Lot Size 0.360 Acres

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 d

Location

State CA

County Los Angeles

Interior

Heating Solar

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Amenities Available Gated

View Other

Parking Type Assigned

Private Pool false

Building

Lot Description Street Light(s), Landscape Misc

Story 2

Water Public

Schools

School District Los Angeles Unified

© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Daniel Ripper

Broker Associate | License ID: 01382609

+1(415) 205-6312

Daniel Ripper

11107 Herrick Ave Pacoima (los Angeles), CA 91331

Daniel Ripper

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Schools

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11107 Herrick Ave