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14020 Foothill Sylmar, CA 91342
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Key Details
Sold Price $1,517,000
Property Type Residential Income
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR25239411
Year Built 1918
Lot Size 0.474 Acres
Property Sub-Type Apartment
Property Description
Fully rented being offered at approximately a 6% cap with value add opportunity. 7-unit multi-family property featuring a 6-unit apartment building alongside a detached house, all set on a spacious lot with significant vacant land at the rear ideal for future development. This property has been a reliable long-term investment, with a new roof installed in late 2024 and recent retrofitting of the carport to meet updated earthquake safety codes. Currently, rents are below market value, presenting multiple avenues for growth. Investors can capitalize on opportunities to increase rental income, add additional units including AB 1211 ADUs, or explore redevelopment options.
Location
State CA
County Los Angeles
Area Syl - Sylmar
Interior
Heating Wall Furnace
Fireplaces Type None
Laundry See Remarks
Exterior
Parking Features Attached Carport
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs
Building
Lot Description Front Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Owner May Carry, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, Owner May Carry, VA Loan
Special Listing Condition Standard
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Bought with Shenen Dequito Vida Home Investment Inc.
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