11107 Herrick Avenue, Pacoima, CA 91331
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- MLS#: SR25022556 ( Commercial/Residential )
- Street Address: 11107 Herrick Avenue
- Viewed: 16
- Price: $2,499,000
- Price sqft: $0
- Waterfront: No
- Year Built: 2024
- Bldg sqft: 0
- Days On Market: 43
- Additional Information
- County: LOS ANGELES
- City: Pacoima
- Zipcode: 91331
- Provided by: Coldwell Banker Realty
- Contact: Aaron Aaron
- DMCA Notice
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Description*OPEN HOUSE SUNDAY MARCH 16TH 1:00 4:00* Welcome to 11107 Herrick Ave, an extraordinary investment opportunity boasting 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. $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.
Property Location and Similar Properties
Features
Appliances
- Electric Oven
- Electric Range
Association Fee
- 0.00
Building Area Total
- 6000.00
Commoninterest
- None
Common Walls
- No Common Walls
Cooling
- Ductless
Country
- US
Days On Market
- 130
Electric
- Photovoltaics on Grid
- Photovoltaics Seller Owned
Electric Expense
- 0.00
Entry Location
- courtyard
Fireplace Features
- None
Fuel Expense
- 0.00
Garage Spaces
- 0.00
Green Energy Generation
- Solar
Heating
- Ductless
Insurance Expense
- 5280.00
Laundry Features
- Electric Dryer Hookup
- Inside
- Washer Hookup
Levels
- Two
Lockboxtype
- See Remarks
- Supra
Lockboxversion
- Supra BT LE
Lot Features
- 0-1 Unit/Acre
Netoperatingincome
- 228000.00
Otherexpense
- 31875.00
Otherexpensedescription
- Tax
Parcel Number
- 2534026014
Pool Features
- None
Professionalmanagementexpense
- 0.00
Property Type
- Commercial/Residential
Property Condition
- Turnkey
Road Frontage Type
- City Street
Roof
- Composition
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 431319713:CRM
Spa Features
- None
Tenant Pays
- Electricity
- Trash Collection
- Water
Totalexpenses
- 37155.00
Trash Expense
- 0.00
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
View
- None
Views
- 16
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 2024
Year Built Source
- Builder