11107 Herrick Avenue

Pacoima, CA 91331

$2,550,000

List Price

17

bed Beds

15

shower Baths

6,000 sqft

straighten / sqft

2024

calendar_month Built

Open Houses

Next available: Sunday, February 23rd, 2025 1:00 pm - 4:00 pm

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Property Description

Welcome to 11107 Herrick Ave, an extraordinary investment opportunity boasting five new construction, beautifully appointed, detached, turn-key 1200 SQFT units consisting of two 4 bed / 3 bath and three 3 bed / 3 bath. $19,000 per month total projected rent with 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 and convenient freeway access. Seize this opportunity to enhance your real estate portfolio.

Listing Information

List Price $2,550,000
Status Active
MLS SR25033188
HOA $0
Type Residential
Subtype Quadruplex
Year Built 2024
Lot Size 15,703
Structure Size 6,000
DOM 6
Courtesy Of Coldwell Banker Realty
Listing Agent Aaron Samson DRE#01449890
Co-Listing Agent Jacqueline Palmatier DRE#01363084

Interior Features

Laundry Information
Location(s) Washer Hookup, Electric Dryer Hookup
Total Bedroom
Bedrooms 17
Total Bathroom
Bathrooms 15
Fireplace Information
Features None
Cooling Type
Cooling Type Central Air, Ductless, Electric
Heating Type
Heating Type Central, Ductless, Electric

Exterior Information

Other Structures
Views None

Maps

Listing information courtesy of: Aaron Samson, Jacqueline Palmatier, Coldwell Banker Realty 818-970-7012. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 20th, 2025 at 12:46 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.