FOR SALE

$2,399,000

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11107 Herrick Avenue
Pacoima, CA 91331

Single Family, Fourplex, Multi-Family

Residential

Beds

Baths

5 Half

5 Three Qtr

6,000

Sq. Ft.

0.3605

Acre Lot

Listing Agent: Aaron Samson - Coldwell Banker Realty, 818-970-7012; asamson@coldwellbanker.com;

Description for 11107 Herrick Avenue Pacoima, CA 91331

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OPEN HOUSE SUN MARCH 23RD 2-5*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 and convenient freeway access. Seize this opportunity to enhance your real estate portfolio.