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$2,550,000
42 Days On Site

11107 Herrick Ave
Pacoima, CA 91331

For Sale|Single Family Residence|Active Under Contract
0
Beds
0
Full Baths
0
Partial Baths
6,000
SqFt
$425
/SqFt
2024
Built
County:
Los Angeles
Listed by James Webster of Compass james.webster@compass.com

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11107 Herrick Ave11107 Herrick Ave11107 Herrick Ave11107 Herrick Ave
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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 dining options and convenient freeway access. Don’t miss your chance to add this lucrative property to your real estate portfolio—schedule a viewing today!

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Listing Snapshot
Price 
$2,550,000
Days On Site 
42 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3605 Acres
Year Built 
2024
MLS® Number 
SR24216677
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoStatus changed to Active Under Contract
a week agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.3605
Number Of Stories 
2
Property Condition 
New Construction
Property Sub Type 
Single Family Residence
Security 
Gated Community
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
6000
Stories 
Two
Water Source 
Public
Interior Features
Cooling 
Central Air
Heating 
Active SolarSolar
Laundry Features 
None
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Exterior Features
Exterior 
Lighting
Pool Features 
None
Road Frontage 
City Street
Spa Features 
None
View 
Neighborhood
Waterview 
Neighborhood
Community Features
Building Access 
1
Community Features 
GatedStreet LightsSidewalks
Financing Terms Available 
CashConventional1031 Exchange
MLS Area 
PAC - Pacoima


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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